DTN Oil Update
Crude futures held in the lower $100 bbl territory while distillate and gasoline prices marched higher for the week.
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DTN Oil Update
Oil futures were mixed Friday (9/18) morning, with Brent crude edging lower on easing supply concerns around Saudi crude oil exports, while WTI and ULSD futures moved higher. After a volatile and turbulent trading week, most contracts...
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DTN Oil Update
Oil and product futures mostly dipped for a second straight day Thursday amid easing anxieties over Middle East crude flows as Saudi Arabia moved to maintain its export commitments after recent attacks on its energy infrastructure.
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DTN Oil Update
Oil prices continued to retreat Thursday morning on easing supply concerns amid reports of Saudi Arabia establishing workarounds to the recent supply disruption from the Red Sea.
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DTN Oil Update
Oil prices tumbled 3% Wednesday, marking their sharpest drop in three weeks, on reports that Saudi Arabia could restore within days half of its East-West pipeline capacity jeopardized by Houthi militia attacks.
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DTN Oil Update
Oil prices fell Wednesday as Saudi ship-to-ship transfers eased supply concerns while an unexpected 7.1-million-barrel rise in U.S. crude inventories and prospects for a Federal Reserve rate hike pushed October WTI down 1.92% to $103.75 per barrel and November Brent down...
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DTN Oil Update
Crude futures extended their rally Tuesday as escalating Houthi offensive actions in Saudi Arabia raised the geopolitical risk premium across energy markets.
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What DTN Is Watching
On Friday, USDA will release the September Cattle on Feed report at 2 p.m. CDT. Shortly after, CFTC will wrap up the week with the weekly Commitments of Traders report, updating positions as of Tuesday, September 15.
WeatherA small system is riding the northern edge of the country on Friday, producing areas of moderate to heavy rain from South Dakota into Wisconsin and Iowa. Other areas of showers will move from the Ohio Valley into the Southeast as well. Temperatures remain hot south of the precipitation while being cooler to the north.
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