Oil and other financial markets fell today on resurgent pandemic fears. Coronavirus cases have been on the rise in 42 of the 50 U.S. states over the past two weeks, according to a Reuters analysis.
Petroleum Daily Report 7-8-2020
Oil prices rose again for the day despite a large build in crude stocks and a new record high level of crude stocks in the Gulf.
Petroleum Daily Report 7-7-2020
Oil prices were flat today as positive economic data is driving prices upwards while increasing COVID cases continues to cap gains.
PFL Railcar Storage Report 7-7-2020
Well folks as of July 1st, the total number of cars in storage was 526,450, an increase of 5,721 (10.86%) month over month and an increase of 197,560 (60.1%) year over year.
Petroleum Daily Report 7-6-2020
Crude oil prices traded mostly flat for the day as caution remains over spreading virus cases.
Petroleum Daily Report 7-2-2020
Crude oil prices jumped today after a stronger than expected US jobless report. Expectations were all over the map but few economists or analysts forecasted such strong growth.
Petroleum Daily Report 7-1-2020
“Saudi imports are down to a trickle and I think this draw is going to be the first in a string of draws,”
Petroleum Daily Report 6-30-2020
Sustaining the independent show of gasoline strength will be challenged by coronavirus headlines where news has seen a definite negative shift in recent weeks,”
Petroleum Daily Report 6-29-2020
Oil prices rose today starting the week out strong after having a negative week last week. The biggest yet unsurprising news was the Chesapeake bankruptcy.
Petroleum Daily Report 6-26-2020
Oil prices dipped slightly for the day posting a negative week for 2 out of the last 3. As virus cases appear to be on the rise in states like