DTN Oil Update
Crude and refined product futures fell nearly 3% on Thursday.
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DTN Oil Update
Crude oil product futures tumbled about 3% in morning trade Thursday.
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DTN Oil Update
Oil and product futures were little changed in volatile trading Wednesday morning as energy markets continued to adjust to January's outsized rally on geopolitics and inclement weather.
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DTN Oil Update
Crude futures rose on Tuesday, Feb. 3, after the U.S. military shot down an Iranian drone in the Persian Gulf, reigniting tensions in the Middle East.
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DTN Oil Update
Oil and product futures edged higher Tuesday, Feb. 3, morning, after dropping more than 4% in the previous session as a portion of the geopolitical risk premium tied to U.S.-Iran tensions faded after both sides announced talks.
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What DTN Is Watching
The Bureau of Labor Statistics will lead off Wednesday with the release of the delayed January employment situation and wage data report at 7:30 a.m. CST. Later in the morning at 9:30 a.m. CST, the Energy Information Administration will release their weekly Petroleum Status report including last week's ethanol production. Finally, in the afternoon at 1 p.m. CST, USDA will release a series of follow-ups to Tuesday's WASDE report, such as updating the feed grains and wheat data databases.
WeatherScattered rain showers will continue to exit the Southeast Wednesday as a cold front moves through the area. The center of the country remains dry and relatively warm during the day, with a few isolated showers developing across the Central Plains or western Midwest later Wednesday night.
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