Petroleum Daily Report 7-21-2026

Oil prices climbed about 2% on Tuesday, reaching five-week highs as escalating military tensions in the Middle East renewed concerns over global energy supplies and shipping security. Brent crude rose 2.0% to settle at $91.01 per barrel, while West Texas Intermediate (WTI) also gained 2.0% to finish at $84.91 per barrel. Markets remained focused on […]

Petroleum Daily Report 7-20-2026

Oil prices settled higher on Monday following a volatile trading session as investors weighed the possibility of renewed diplomatic efforts between the United States and Iran against escalating threats to Middle East energy shipments. Brent crude rose 1.3% to settle at $89.22 per barrel after reaching an intraday high of $91.42, while West Texas Intermediate […]

PFL Railcar Report 7-20-2026

“Our doubts are traitors and make us lose the good we oft might win by fearing to attempt.”  -William Shakespeare Jobs Update Initial jobless claims seasonally adjusted for the week ending July 11, 2026 came in at 208,000, versus the adjusted number of 216,000 people from the week prior, down 8,000 people week over week. […]

Petroleum Daily Report 7-17-2026

Oil prices surged more than 4% on Friday, reaching their highest levels in over a month as escalating military conflict between the United States and Iran heightened concerns over global energy supplies. Brent crude rose 4.59% to settle at $88.10 per barrel, while West Texas Intermediate (WTI) gained 4.48% to finish at $82.49 per barrel. […]

Petroleum Daily Report 7-16-2026

Oil prices eased on Thursday but remained near one-month highs as escalating tensions in the Middle East continued to support a geopolitical risk premium. Brent crude fell 72 cents to settle at $84.23 per barrel, while West Texas Intermediate (WTI) fell 65 cents to $78.95 per barrel after both benchmarks briefly traded higher during the session. Markets remained […]

Petroleum Daily Report 7-15-2026

Oil prices moved modestly higher on Wednesday, supported by another draw in U.S. crude inventories, while traders largely looked past renewed military action between the United States and Iran. Brent crude settled at $84.95 per barrel, up 0.26%, while West Texas Intermediate (WTI) finished at $79.60 per barrel, up 0.33%. U.S. crude inventories declined by […]

Petroleum Daily Report 7-14-2026

Oil prices climbed nearly 2% Tuesday, with both Brent and WTI reaching one-month highs as renewed tensions between the United States and Iran heightened concerns over crude exports from the Middle East and shipping through the Strait of Hormuz. Brent crude settled at $84.73 per barrel, up $1.43 (1.7%), while West Texas Intermediate (WTI) closed […]

Petroleum Daily Report 7-13-2026

Oil prices surged more than 9% Monday, with both Brent and WTI reaching one-month highs after renewed geopolitical tensions raised concerns over crude exports from the Middle East and shipping through the Strait of Hormuz. Brent crude settled at $83.30 per barrel, up $7.29 (9.59%), while West Texas Intermediate (WTI) closed at $78.14 per barrel, […]