The U.S. Energy Department's Short-term Energy Outlook is due out Tuesday with interest in its estimates of world oil supply and demand after OPEC decided to cut production by one million barrels a day Sunday. There are no other significant reports Tuesday, but traders will continue to monitor the latest weather forecasts.
Weather
A cold front is slipping south through the Midwest on Tuesday, with part of it pushing southwestward toward the Plains. The front will be somewhat active with some isolated showers developing along it. Isolated to scattered showers will develop in the Southern Plains to the Gulf Coast as well as the Canadian Prairies.