PFL Railcar Report 3-31-2025

“If everyone is thinking alike, then somebody isn’t thinking.” – George S. Patton Jobs Update Stocks closed lower on Friday of last week and lower week over week The DOW closed lower on Friday of last week, down 716.11 points (-1.69%) and closing out the week at 41,583.59, down -401.77 points week-over-week. The S&P 500 […]

Petroleum Daily Report 3-28-2025

Oil prices dipped on Friday as fears of a U.S. tariff-driven global recession weighed on sentiment, but they still posted a third consecutive weekly gain, driven by Washington’s increasing pressure on Venezuela and Iran. Brent crude futures fell 40 cents (0.5%) to settle at $73.63 a barrel, while WTI declined 56 cents (0.8%) to close […]

Petroleum Daily Report 3-27-2025

Brent crude rose 24 cents (0.3%) to settle at $74.03 per barrel, while WTI gained 27 cents to close at $69.92. This followed a 1% increase on Wednesday, pushing prices to their highest levels since February. Market focus remained on trade tensions as President Trump announced a 25% tariff on imported cars and light trucks, […]

Petroleum Daily Report 3-26-2025

Oil prices climbed on Wednesday, driven by a sharper-than-expected drop in U.S. crude and fuel inventories and mounting concerns over tighter global supply following the U.S. threat of tariffs on Venezuelan crude buyers. Brent crude settled up 77 cents (1.05%) at $73.79 per barrel, while WTI gained 65 cents (0.94%) to close at $69.65. At […]

Petroleum Daily Report 3-25-2025

Oil prices diverged on Tuesday as a truce between Russia and Ukraine on maritime and energy targets offset concerns over potential U.S. tariffs on countries importing Venezuelan oil. Brent crude settled slightly higher by 2 cents at $73.02, while WTI declined 11 cents to $69. The U.S. brokered agreements with Russia and Ukraine to halt […]

Petroleum Daily Report 3-24-2025

Oil prices rose 1% on Monday after President Trump announced a 25% tariff on countries purchasing oil and gas from Venezuela. Brent crude increased 84 cents (1.2%) to $73, while WTI gained 83 cents (1.2%) to $69.11. However, price gains were limited as the U.S. granted Chevron until May 27 to wind down its Venezuelan […]

PFL Railcar Report 3-24-2025

“Most people have the will to win, few have the will to prepare to win.” Bobby Knight Jobs Update Stocks closed higher on Friday of last week and higher week over week The DOW closed higher on Friday of last week, up 32.03 points (0.08%) and closing out the week at 41,985.35, up 497.16 points […]

Petroleum Daily Report 3-21-2025

Oil prices settled higher on Friday, marking a second consecutive weekly gain as fresh U.S. sanctions on Iran and OPEC+ output plans signaled tighter supply. Brent crude rose 16 cents (0.2%) to $72.16, while WTI increased 21 cents (0.3%) to $68.28. For the week, Brent gained 2.1% and WTI 1.6%, their largest increases since early […]

Petroleum Daily Report 3-20-2025

Oil prices rose on Thursday as new U.S. sanctions targeting Iran, including Chinese “teapot” refiners and vessels supplying Iranian crude, heightened geopolitical tensions. Brent crude settled up $1.22 (1.72%) at $72, while WTI’s April contract expired at $68.26, up $1.10 (1.64%). The more actively traded May WTI contract rose $1.16 (1.73%) to $68.07. OPEC+ released […]