Oil prices were higher today, rebounding from earlier losses as lower than expected inflation data helped markets.
Petroleum Daily Report 8-9-2022
Oil prices were lower today in another volatile session.
Petroleum Daily Report 8-8-2022
Oil prices rallied today, up 2% in volatile trade. Positive economic data from China and the US was received well by markets after strong job growth in the US.
PFL Railcar Report 8-8-2022
The key is to keep company only with people who uplift you, whose presence calls forth your best. – Epictetus Jobs Update Stocks closed mixed on Friday of last week and mixed week over week The DOW closed higher on Friday of last week, up 76.65 points (0.23%), closing out the week at 32,803.47, down […]
Petroleum Daily Report 8-5-2022
Oil posted the biggest weekly decline since early April on growing signs that a global economic slowdown is curbing demand.
Petroleum Daily Report 8-4-2022
There will be no commentary for 8-4-2022
Petroleum Daily Report 8-3-2022
Oil prices closed lower today after news of OPEC+ raising their production for September was released as well as news of potential Iranian crude being discussed later this week
Petroleum Daily Report 8-2-2022
Oil prices were higher today ahead of tomorrow’s OPEC+ meeting.
Petroleum Daily Report 8-1-2022
Oil prices tanked today as weak manufacturing data from several countries (Bad PMI in China specifically) weighed on prices.
PFL Railcar Report 8-1-2022
The underlying fundamentals for oil still remain quite strong. There are serious risks around supply: sanctions on Russia that will kick in more meaningfully later this year, OPEC+ topping out in terms of what it can add to the market