DTN Oil Update
Oil futures settled higher on Friday, rebounding from a 2% decline in the previous trading session, after the International Energy Agency projected a tighter-than-expected crude oil market in the near term.
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DTN Oil Update
Oil futures rose Friday morning after slipping 2% on Thursday as the International Energy Agency flagged a tighter-than-expected crude oil market in the near term in their latest monthly oil market report published this morning.
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DTN Oil Update
Oil futures fell on Thursday amid ample supply fundamentals and trade tension after U.S. President Donald Trump threatened to impose a 50% tariff on all goods imports from Brazil by Aug. 1.
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DTN Oil Update
Oil futures softened Thursday morning after U.S. President Trump threatened to impose a 50% tariff on all goods imports from Brazil by Aug. 1, signaling a willingness to revert to high import duties which stoked bearish sentiment.
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DTN Oil Update
Oil futures softened Wednesday morning, slightly retreating from the recent two-week high following an industry report showing growing crude oil stockpiles in the United States and the announced imposition of a 50% tariff on U.S. copper...
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DTN Oil Update
Oil futures were little changed Tuesday morning, after gaining 1.5% in the previous trading session despite a larger-than-expected OPEC+ production hike plan.
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DTN Oil Update
Oil futures steadied Monday morning, shrugging off OPEC's larger-than-expected production hike for August.
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What DTN Is Watching
July NASS Crop Production Report at 11 a.m. CDT
July World Agricultural Supply and Demand Estimates (WASDE) Report at 11 a.m. CDT
World Markets and Trade Reports from FAS at 11:15 a.m.
CFTC Commitment of Traders Report at 2:30 p.m. CDT
WeatherHeavy rain that moved through on Thursday across Iowa and northern Illinois continues early Friday morning, but a system moving through the Northern Plains should enhance that later Friday, including bringing a risk of severe weather. Additional showers and thunderstorms will continue in the South and East as well.
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