DTN Oil Update
Oil futures settled modestly higher Friday, Oct. 31, on market talk of a potential U.S. strike on Venezuela that President Donald Trump denied.
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DTN Oil Update
Oil futures edged higher Friday, Oct. 31, morning but were still set to finish October down for a third consecutive month.
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DTN Oil Update
Oil futures edged higher in late Thursday (10/30) trading, driven by renewed concerns over the impact of Russian sanctions on supply.
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DTN Oil Update
Oil futures rose on Wednesday, Oct. 29, to snap a three-day selloff, driven by the Energy Information Administration's report of a tumble in U.S. stockpiles for the week ended Oct. 24.
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DTN Oil Update
Oil futures steadied Wednesday, Oct. 29 -- following a three-day selloff -- after the American Petroleum Institute reported a second consecutive weekly drawdown in U.S. inventories late Monday, Oct. 27.
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DTN Oil Update
Oil futures fell for a third straight day on Tuesday, Oct. 28, driven by concerns that OPEC may agree to boost crude production at its weekend meeting.
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DTN Oil Update
Oil prices fell Tuesday, Oct. 28, morning, declining for a third straight trading session, on signs that new U.S. sanctions on Russian oil might only curb Moscow's export revenues without substantially impacting its crude flows.
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What DTN Is Watching
To close the week as well as the month of October, traders will watch for further details on the U.S.-China trade agreement, although the market may see a decline in volatility following the Trump-Xi meeting. In other news for Friday, harvest prices will be established for crop insurance purposes.
WeatherA nip is in the air for most areas of the U.S. on Friday with some frosts for areas across the South. A system is leaving the Northeast, but another clipper-like system moving into the Central U.S. is producing some clouds and areas of light showers that may have an impact for trick-or-treaters this evening.
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