On Wednesday, the EIA will release their weekly Petroleum Status report at 9:30 a.m. CDT. There are no other major reports scheduled to be released, and traders will likely continue to trade off this week's weather and developments in the Middle East conflict.
Weather
A strong cold front continues to push south through the country on Wednesday. Scattered showers are forming along it, which continue for the Southern Plains up through the Northeast. Some severe weather will be possible across the Delta and Southeast Wednesday afternoon and evening. Cold air moving in behind the front has turned showers across the Central Plains into snow in Colorado. Showers will wane Wednesday afternoon and evening. Frosts and freezes will be possible from the Central Plains into the Midwest Wednesday night depending on if skies can clear and winds can remain calm.