Page 11 - Corn Ethanol News Today

Oil futures and Brent crude moved mixed, with expanded COVID-19 restrictions across European Union and chatter of potential Strategic Petroleum Reserve releases in Japan and China countering signs of strengthening fuel demand in the United States.

Oil futures and Brent crude reversed higher in early trade Friday.

Oil futures and Brent crude reversed higher in early morning trade Thursday.

Oil futures and Brent plummeted in early morning trade Wednesday after the API reported a much larger-than-expected build in domestic crude oil inventories for the second consecutive week through Oct. 29.

Oil futures nearest delivery on the New York Mercantile Exchange and Brent crude on the Intercontinental Exchange dropped more than 3% on Wednesday.

Oil futures and Brent crude followed equities lower in early morning trade Tuesday, sending the front-month West Texas Intermediate crude contract below $84 bbl.

Oil futures and Brent crude moved higher in early trading on the first day of November following reports indicating OPEC and Russia-led partners intend to wave through a planned production increase of 400,000 bpd next month.

Nearby delivery-month oil futures on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange settled Mondays session modestly higher.

Oil futures on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange turned mixed in early trade Friday.

Oil futures and Brent crude extended heavy losses into early trade Thursday, sending the front-month West Texas Intermediate contract below $82 per barrel.