DTN Oil Update
Crude futures rose modestly Friday but still ended down for a second straight week.
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DTN Oil Update
Crude oil futures edged lower on Thursday, Nov. 6, for the third consecutive trading session on expectations of ample supplies and weak demand fundamentals.
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DTN Oil Update
Oil prices steadied Thursday morning as crude benchmarks met technical resistance levels and the U.S. Dollar Index retreated from recent highs.
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DTN Oil Update
Oil futures fell for a third consecutive trading day Wednesday, Nov. 5, after the U.S. Energy Information Administration reported a sizable build to commercial crude oil inventories.
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DTN Oil Update
Oil prices edged lower for a third consecutive trading day Wednesday morning.
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DTN Oil Update
Crude futures fell Tuesday, Nov. 4, as a rallying dollar weighed on commodity markets.
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DTN Oil Update
Oil futures fell Tuesday, Nov. 4, as market participants focused on the continued strength of the dollar, which depressed prices across commodity markets.
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What DTN Is Watching
The government shutdown continues and as a result the report lineup will be quiet on Friday. However, the Senate will hold another vote on Friday in an attempt to pass the funding bill and end the shutdown. Ag traders will continue to rely on basis and spreads for near term supply and demand insights, but may default to chart/technical guidelines to close the week.
WeatherA clipper system is moving through the Great Lakes and Northeast on Friday, producing scattered showers and a few thunderstorms that may develop all the way down to the Gulf of America. The last clipper in this week's train is moving through the Pacific Northwest and will be a potent one as it taps into some very cold air across Canada this weekend.
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