DTN Oil Update
Crude futures hit five-month lows on Friday, Oct. 10, after U.S. President Donald Trump threatened a "massive increase" in tariffs on China as the Chinese government restricted rare-earth exports.
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DTN Oil Update
Oil prices extended their decline Friday, Oct. 10, morning on easing tensions in the Middle East and global oil glut worries.
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DTN Oil Update
Oil futures tumbled almost 2% Thursday, Oct. 9, reversing gains from last week.
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DTN Oil Update
Oil prices steadied Thursday, Oct. 9, morning after Hamas and Israel signed a ceasefire and hostage return deal, diminishing some of the geopolitical risk that had been providing support to crude markets.
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DTN Oil Update
The rebound in oil prices extended to a fifth straight day Wednesday (10/8/25) as market participants shrugged off U.S. EIA data showing a second consecutive weekly build in crude stocks, focusing instead on the demand for fuel.
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DTN Oil Update
Oil prices advanced around 1.5% on Wednesday, Oct. 8, morning trade as market participants responded to lower U.S. fuel inventories and a sizeable drop in crude oil stockpiles at the Cushing storage hub reported by the American...
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DTN Oil Update
Oil futures rose for a third straight day on Tuesday, Oct. 7, but market sentiment was weak as traders brooded over Saudi Arabia's decision to keep the selling official price of its crude to Asia unchanged, amid OPEC+ output increases.
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What DTN Is Watching
Ahead of the weekend, markets will look to rebound from Thursday's down session, as traders will likely adhere to current chart patterns with little market driving news currently. In macro reports, investors may take interest in the University of Michigan's consumer sentiment gauge for October out Friday at 9 a.m. CDT.
WeatherA small disturbance is bringing showers to portions of the Midwest on Friday. But the big story is a system moving into the Pacific Northwest that will continue northeast through the weekend. Areas of heavy rain and the potential for some snow will occur with the system in the Northern Plains and Canadian Prairies.
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