DTN Oil Update
Oil prices jumped around 1.5% Friday morning after a Ukrainian strike on Russia's main Black Sea port forced the suspension of oil loading operations.
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DTN Oil Update
Oil markets hit three-week lows Wednesday, Nov. 12, driving both the global benchmarks for crude below key thresholds, following OPEC's forecast of a supply glut for the third quarter.
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DTN Oil Update
Oil futures softened Wednesday, Nov. 12, morning as a crude glut flagged by OPEC overshadowed bullish sentiment bolstered by hopes of an imminent end to a record-long U.S. government shutdown.
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DTN Oil Update
Crude futures rose 2% Tuesday, Nov. 11, buoyed by an imminent reopening of the U.S. federal government from a record-long shutdown and as Western sanctions on Russian supply forced cargo cancellations.
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DTN Oil Update
Oil prices extended their advance Tuesday, Nov. 11, morning, buoyed by a broader upswing in financial markets after the U.S. Senate passed a bill that would end the longest U.S. federal government shutdown in history.
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DTN Oil Update
Crude futures settled up Monday, Nov. 10, after two straight weeks of losses, finding support from Senate efforts to end the longest federal government shutdown in U.S. history.
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DTN Oil Update
Oil prices edged higher Monday, Nov. 10, morning, supported by a broader upswing in equities and most commodities, on signs that the longest U.S. federal government shutdown in history could soon come to an end.
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What DTN Is Watching
Reports for Friday include the release of all delayed reportable export sales which occurred throughout the government shutdown; the Foreign Agricultural Service will release them at 7:30 a.m. CST. Then at 11 a.m. CST USDA will release its November Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports, giving traders the first set of government estimates since September.
WeatherA pair of systems are in the western half of North America on Friday. One is moving through the Canadian Prairies and that will send a cold front into the Northern Plains later Friday with isolated showers and a drop in temperature. That system will continue across the north through the weekend. A second system is found just off the California Coast and is bringing some heavy rain into the state that will spread through more of the interior West this weekend. Temperatures east of these systems are quite warm and will challenge record highs until they move through.
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