NEWS
Darin Newsom DTN Senior Analyst
Tue Jul 23, 2013 07:27 AM CDT

Seasonal Sell-off in Crude Oil

The crude oil market has been in the spotlight lately, first for its impressive rally from its mid-April low near $85.60 through its recent high near $109.30. Recent action has seen a quick sell-off in the market, with the five-year seasonal index showing such a move isn't all that unusual.

A look at the attached chart shows the weekly close for the spot-month futures contract (red line) compared to the weekly five-year seasonal index (blue line). A seasonal index can be created by taking average weekly closes for a set period of time (in this ...

Quick View
  • Is Your Burndown Working? A cool, wet spring and the spread of herbicide-resistant weeds mean farmers should take the extra...
  • Gains on Covers It took Jerry Doan several years and a lot of trials, but the North Dakota beef producer has lear...
  • Side-by-Sides and Cool Helmets Side-by-side manufactures continue to roll out new machines and machine updates. Here are two more.
  • Stress Test for Borrowers Farm finances rate an "A" now, but economists debate if that's good enough to handle a major corr...
  • Senators Question EPA A group of U.S. senators Wednesday told President Barack Obama that his administration has not fo...
  • Climate Work Ahead at USDA Ag Secretary Tom Vilsack spoke about GOP complaints regarding the Obama administration's work wit...
  • Full-Circle Farming Bill Couser sees farming as a full circle. If it comes off the farm, it can go back into the farm.
  • Making the Grade What if corn isn't cheap the next five years? Fickle price projections can sway farm bill choices.
  • Ask the Vet What's my best bet for fly control?
Related News Stories
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
View From the Cab
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN Closing Grain Comments
DTN Midday Livestock Comments