Good news for the economy is now bad news for the crude demand outlook as economic resilience will force the Fed to kill the economy
Petroleum Daily Report 5-17-2023
Oil prices settled higher today on optimism over oil demand and US debt ceiling negotiations.
Petroleum Daily Report 5-16-2023
Oil prices were lower today as the markets weighed economic risk and bad economic data.
Petroleum Daily Report 5-15-2023
Oil prices rose today after three straight sessions of declines boosted by the prospect of tightening supplies in Canada.
Petroleum Daily Report 5-12-2023
Oil prices were lower today falling for a third consecutive week. Prices were lower on a stronger dollar
Petroleum Daily Report 5-11-2023
Oil prices fell today to the lowest in a week as the US debt ceiling is stoking recession jitters.
Petroleum Daily Report 5-10-2023
Oil prices were lower today ending a three day rally. Consumer prices rose in April albeit at a slower pace.
Petroleum Daily Report 5-9-2023
Oil prices ticked up on Tuesday as the market weighed US government plans to refill the nations SPR.
Petroleum Daily Report 5-8-2023
Oil prices rose today rallying back after recession fears began to ease. A healthy US jobs report for April helped oil prices climb on Friday of last week
PFL Railcar Report 5-8-2023
The tank car committee meeting this go around was a very well-attended function. It is an industry gathering at a different level.