DTN Oil Update
Oil futures rallied for a second straight session on Wednesday while heading for an average annual loss of 18% this year.
Oil futures rallied for a second straight session on Wednesday while heading for an average annual loss of 18% this year.
Oil futures ended little changed on the penultimate trading session of 2025, as traders weighed the backdrop of geopolitical developments against a slight increase in U.S. crude and fuel stockpiles last week.
Crude futures rose for a second straight session on Tuesday, Dec. 30, supported by global geopolitical tensions, despite a slight build on U.S. inventories last week.
Oil futures settled up more than 2% Monday, Dec. 29, extending early-day gains, as tensions escalated between Russia and Ukraine, amid efforts toward peace talks led by the Trump administration.
Crude futures jumped 2% on Monday, Dec. 29, recovering most of the previous session's losses, as Ukraine peace talks stalled, keeping sanctions on Russian oil intact.
Crude oil futures tumbled more than 2% by Friday's close, reversing a steady morning session.
Oil futures dipped on Wednesday, Dec. 24, after a five-day rally ahead the Christmas holiday, amid geopolitical concerns and higher-than-expected U.S. GDP growth in the third quarter.
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Reports for New Year's Eve will include the latest export sales report covering the week ended Dec. 18 at 7:30 a.m. CST. Later in the morning, the Energy Information Administration will release their Petroleum Status Report at 9:30 a.m. CST, with ethanol production and stocks for the week ending Dec. 26. Finally, CFTC will release the last catch-up Commitments of Traders report at 2:30 p.m. CST with trader positions as of Dec. 23, after which reports will return to their normal Friday release schedule.
WeatherLight snow from a clipper system will pass through Minnesota and Wisconsin on Wednesday morning before digging south into Illinois, Indiana, and Ohio this afternoon into this evening. Snow totals from this system could exceed 1-2 inches in some spots, especially across Illinois, Indiana, and Ohio.
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