DTN Oil Update
Crude oil futures settled down almost 4% at the close of the week on Friday, Nov. 21, as concerns about growing global oversupply intensified when U.S. sanctions against Russian companies Rosneft and Lukoil took effect today.
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DTN Oil Update
Crude futures remained under pressure on Friday, Nov. 21, as the official start of U.S. sanctions against Rosneft and Lukoil threatened to leave millions of barrels of Russian oil at sea, adding to a global oversupply situation.
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DTN Oil Update
Oil prices tumbled by about 3% Wednesday, Nov. 19, morning on the American Petroleum Institute's report of a third straight weekly build in U.S. crude inventories.
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DTN Oil Update
Crude oil futures edged up Tuesday morning, while ULSD futures soared to 5-month highs amid a global diesel rally.
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DTN Oil Update
Crude futures edged lower on Monday driven by concerns over near term global oil oversupply and expectations that delayed U.S. economic data to be publish this week could be below market forecasts.
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DTN Oil Update
Crude futures edged higher Monday, Nov. 17, morning as concerns over new Russian sanctions maintained the market's upward momentum despite news that loading operations had resumed at the Black Sea oil hub Novorossiysk after a...
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DTN Oil Update
Oil prices jumped around 1.5% Friday morning after a Ukrainian strike on Russia's main Black Sea port forced the suspension of oil loading operations.
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What DTN Is Watching
Friday morning looks to be quiet for news/reports but later in the afternoon after the close USDA will release their first Cattle on Feed report in two months at 2 p.m. CST along with their monthly Chicken and Eggs and Milk Production reports at the same time. CFTC data as of October 7 will be released at 2:30 p.m. CST.
WeatherA system in the Southern Plains is producing scattered showers and thunderstorms Friday morning from Kansas through the Mississippi Valley and into the Ohio Valley. The system itself will push eastward through the Ohio Valley throughout the day, where showers will be most intense. Some thunderstorms will be possible across the Southeast that could make for a few stronger wind gusts and hail as well.
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