DTN Oil Update
Oil futures continued their upward trend Wednesday for the third consecutive day, driven by expectations of global supply tightness?after EU ambassadors agreed to approve the 15th package of sanctions against Russia Wednesday.
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DTN Oil Update
The front-month NYMEX crude contract prices for January deliveries and Brent crude contract prices for February edged down on Tuesday after the Energy Information Administration forecasted lower prices for both crude benchmarks in 2025.
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DTN Oil Update
Crude oil futures showed few changes Tuesday morning as the market seeks direction from U.S. inflation data and monitor tensions in the Middle East .
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DTN Oil Update
Oil futures maintained their upward trend Monday, despite Saudi Arabia cutting its official selling price of its crude benchmark for January shipments to Asia and other regions on expectations that sluggish global demand will continue.
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What DTN Is Watching
U.S. Consumer Price Index for November at 7:30 a.m. CST
EIA Weekly Petroleum Status Report including Ethanol production at 9:30 a.m. CST
ERS Feed Grains Database update at 11 a.m. CST
WeatherA strong cold front is pushing through the Corn Belt on Wednesday. It is not producing much precipitation, but the cold air funneling in behind it is significant and enough to squeeze out some light snow and turn on the lake-effect snow machine later Wednesday.
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