DTN Oil Update
Oil prices settled lower on Tuesday, reversing gains from the previous trading session, after U.S. President Donald Trump postponed by another three months the imposition of trade-prohibitive tariffs on imported Chinese goods.
Oil prices settled lower on Tuesday, reversing gains from the previous trading session, after U.S. President Donald Trump postponed by another three months the imposition of trade-prohibitive tariffs on imported Chinese goods.
Oil prices softened Tuesday morning, erasing gains from the previous trading session.
Oil prices steadied Monday morning as market participants geared up for a macro-data heavy week ending in a meeting between Presidents Donald Trump and Vladimir Putin on Friday.
Oil prices extended losses Friday morning after having declined for six consecutive trading days and were set for the steepest weekly drop since late June.
Beto O'Rourke, a former three-term congressman from El Paso, Texas, spoke Tuesday night in Omaha, urging a crowd of about 500 people to fight not just against authoritarianism, but make the case for a country worth saving. Beyond challenging Trump, he also criticized...
Oil prices steadied Thursday morning after the Kremlin said that the U.S. and Russia had agreed on a venue for a direct meeting between Presidents Donald Trump and Vladimir Putin.
Oil prices rebounded Wednesday morning after U.S. President Trump reiterated secondary sanctions threats on buyers of Russian crude oil and products.
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At 7:30 am, the Consumer Price Index (CPI) and Core CPI will be out giving us a hint at inflation and the direction of interest rates. At 11 am CDT, the August USDA and WASDE report will be out with the primary focus on corn and soybean yields and production. At noon, the August FSA report will be released. At 1 pm, the Monthly U.S. Federal Budget will be out. We will also watch for any new flash sales at 8 am.
WeatherA slow-moving cold front continues to edge south and east from the Southern Plains to the Great Lakes on Tuesday, producing scattered showers and thunderstorms as it does. Areas in the Southeast will also see showers.
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