DTN Oil Update
Oil futures settled lower Tuesday due to concerns of the impact that retaliatory trade tariffs on China, Canada and Mexico by the United States and their potential effects on global crude oil and refined product prices.
Oil futures settled lower Tuesday due to concerns of the impact that retaliatory trade tariffs on China, Canada and Mexico by the United States and their potential effects on global crude oil and refined product prices.
Oil futures dipped Thursday morning after the Trump administration announced a 30-day pause in the implementation of retaliatory tariffs on Canada and Mexico.
Oil futures settled higher on Monday, driven by the confirmation of retaliatory trade tariffs on Canada, Mexico and China from the United States, and after OPEC+ reiterated its plans to extent output cuts until the end of March.
?Oil futures rose Monday morning after the Trump administration imposed tariffs on Canada, Mexico and China this weekend.
Oil futures settled lower to end the week Friday as uncertainty prevailed about the impact of retaliatory trade tariffs from the U.S. on imports from Canada and Mexico, and how this could affect oil prices.
Oil futures inched down Friday morning, as market participants continued in a wait-and-see mode driven by concerns about trade tariffs the United States is expected to impose on imports from Mexico and Canada on Feb. 1.
Oil futures edged up Thursday despite mixed economic data showing lower-than-expected GDP growth, a drop in unemployment claims, and concerns about the outcome of next week's OPEC meeting.
Oil futures rebounded Thursday morning from steep losses the previous day, despite an increase in crude inventories and amid uncertainty about the outcome of OPEC's meeting next week.
U.S. Employment and Wage Data for January at 7:30 a.m. CST
StatsCan Stocks of Principal Field Crops in December at 7:30 a.m. CST
U.S. Agricultural Trade Data -- USDA Economic Research Service at 2 p.m. CST
CFTC Commitments of Traders Report at 2:30 p.m. CST
WeatherA storm system moving through the Intermountain West on Friday morning should make it out into the Plains this evening. A band of snow will develop across the Northern Plains and into the Upper Midwest throughout the day, but rain will probably hold off farther south until this evening or overnight across the southeastern Plains and Ohio Valley.
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