DTN Oil Update
Oil and product futures were mixed in a volatile morning session Thursday, with crude benchmarks advancing 1.5-2%, while ULSD's new front-month contract slipped following Wednesday's rally.
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DTN Oil Update
Distillate futures surged more than 53% over the third quarter as September delivered another strong month for U.S. energy markets, propped up by persistent refined product deficits, historic gasoline inventory draws and unyielding...
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DTN Oil Update
Oil prices advanced Wednesday morning and were on track for the third consecutive monthly increase, driven by tight global fuels supply and stalling U.S.-Iranian negotiations.
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DTN Oil Update
Crude oil futures tumbled about 3% Tuesday, weighed by recovering Middle Eastern supply and a stronger dollar, while reversing early weakness to end higher on growing anxiety over the global deficit in diesel and other transportation fuels.
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DTN Oil Update
Oil declines as Middle East exports recover, despite stalled U.S.-Iran talks.
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DTN Oil Update
Oil prices rose slightly as Iran tensions, policy uncertainty, expirations tempered gains.
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DTN Oil Update
By 8:35 a.m. EDT, ICE Brent for November delivery was up $2.51 to trade near $106.83 bbl, and NYMEX WTI for November delivery rose $2.4 to $94.81 bbl.
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What DTN Is Watching
To begin October, USDA will release its weekly Export Sales report at 7:30 a.m. CDT on Thursday. In the afternoon, USDA's Economic Research Service will release their updated Commodity Costs and Returns estimates at 1 p.m. CDT. At 2 p.m. CDT, NASS will release a series of crop demand reports: the monthly Oilseed Crush, Grain Crush, and Cotton Consumption.
WeatherA front continues to produce heavy rain as it moves slowly through the Central Plains and Midwest on Thursday, with heavy rain falling from Kansas to Michigan. An extension southward through Oklahoma and Texas is also an area seeing heavy rain and thunderstorms. Flooding has been an issue with this front this week, which continues on Thursday as well. Drier weather is developing behind the front across the Northern Plains, a pattern which will continue to spread through the country the rest of the week.
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