DTN Oil Update
Oil futures jumped 2% on Wednesday, Oct. 22, morning after data from the American Petroleum Institute (API) showed a weekly draw in crude and fuel product stocks for the week ended Oct. 17.
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DTN Oil Update
Oil prices edged higher on Tuesday, Oct. 21, supported by a potential U.S.-China trade agreement in the coming days, despite concerns of a looming oil glut.
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DTN Oil Update
Oil futures rose on Tuesday, Oct. 21, morning as market participants counted on the potential for a trade agreement between the United States and China that could ease some of the bearish sentiment affecting energy demand.
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DTN Oil Update
Oil futures prices edged down at the start of the week on Monday, Oct. 20, after reaching $56.35 bbl during the day, following three consecutive weekly losses.
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What DTN Is Watching
No economic reports are due for release on Tuesday. Traders will remain primarily focused on trade related news, specifically awaiting the meeting later this week between China's President Xi and President Trump.
WeatherA system is moving off the Southeast coast Tuesday morning, though showers will continue in the Mid-Atlantic throughout the day. Another system is diving through the Plains and will move into the Delta region throughout the day. Scattered showers and some thunderstorms will form across the South while a front that extends northward into Minnesota will continue showers there as well.
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