DTN Oil Update
Trump comments lift oil prices despite rising supply, and inventory concerns.
Trump comments lift oil prices despite rising supply, and inventory concerns.
Oil rebounds as Iran, Ukraine peace hopes fade; OPEC output jumps.
USDA trade nominee Greg Ibach and three Farm Credit Administration nominees faced questions from senators about trade tensions, USMCA negotiations, beef exports and access to agricultural credit.
Crude oil futures clawed back a portion of their steep morning losses Tuesday as a cooler-than-expected U.S. inflation reading signaled the Federal Reserve would keep interest rates steady for December.
Oil prices extended their decline Tuesday morning as futures continued to shed part of the risk premium tied to fears of a post-election reescalation in the U.S.-Iran war.
Oil prices sink as U.S.-Iran tensions ease, supply surplus looms.
Oil prices continued to slide Monday morning after U.S. President Donald Trump on the weekend said he was "highly unlikely" to order new attacks on Iran .
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On Thursday, the weekly Petroleum Status Report will be released by the Energy Information Administration at 9:30 a.m. CST. In the afternoon, USDA will release a series of follow-up reports to Tuesday's WASDE, including updating the Feed Grains and Wheat databases at 1 p.m. CST.
WeatherA system is moving from Ohio into the Northeast for Thursday, which will produce scattered showers in those areas. Behind the system, colder air is spreading down from the Dakotas into the Great Lakes, which will continue to push southward throughout the day and into the weekend, being much colder for the Southeast than usual for several days. The cold air moving over the Great Lakes should produce periods of lake-effect showers, which may include some snow, through Saturday.
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