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Petroleum Daily Report 2-22-2023

Petroleum Daily Report 2-22-2023

February 22, 2023

U.S. West Texas Intermediate (“WTI”) crude fell $2.14 per barrel closing at $73.95 per barrel. Brent crude oil slipped more than three percent in another volatile session today. Brent crude lost US $2.45 per barrel closing at US$80.60 per barrel. Natgas traded higher closing at $2.17 per MMBTU up 10 cents per MMBTU day over day.
A stronger US dollar weighed on the market today as the Feds are expected to tighten monetary policy to bring inflation under control

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