DTN Oil
Oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange turned lower in afternoon trade Wednesday, sending gasoline and distillate contracts down 3% or more.
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DTN Oil
Oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange moved mixed in early trade Wednesday.
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DTN Oil
West Texas Intermediate futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange settled higher for the third consecutive session on Tuesday.
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DTN Ag Policy Blog
Agriculture Secretary Tom Vilsack and the Biden administration highlight the need for global food aid and opening up the Ukrainian ports on the Black Sea. Still, a report over the weekend indicates the bulk of U.S. aid money passed by Congress won't be used until later this...
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DTN Oil
Oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange extended higher in early trade Tuesday after Saudi Arabia and the United Arab Emirates signaled they were unlikely to boost oil production...
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DTN Oil
Oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange settled Monday's session mixed.
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DTN Oil
Except for the ULSD contract, oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange edged higher in early trade Monday.
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What DTN Is Watching
Wednesday's reports start with an update of first-quarter U.S. GDP at 7:30 a.m. CDT. Fed officials will be speaking throughout the day at a banking conference in Europe and may scare investors, at times. At 9:30 a.m., the U.S. Energy Department will issue two weeks of inventory data, including ethanol production after encountering technical problems last week. USDA's quarterly Hogs and Pigs report is due out at 2 p.m.
WeatherA frontal boundary across the north will see a storm system riding along it on Wednesday, producing scattered showers and thunderstorms, some of which may be severe in the Northern Plains. A brief burst of heat is occurring ahead of the front today in the Northern and Central Plains, but temperatures across the rest of the country are much more seasonable. Meanwhile, a stalled front from the weekend continues to produce scattered showers in the Southeast and along the Gulf Coast. We also continue to watch a disturbance in the northwestern Gulf of Mexico for tropical development. It may become a short-lived tropical system before reaching the Texas coastline on Thursday.
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