Oil prices fell on Tuesday, driven by concerns of oversupply and heightened U.S. output following President Donald Trump’s declaration of a national energy emergency on his first day in office. Brent crude futures dropped 86 cents (1.1%) to $79.29 per barrel, while U.S. West Texas Intermediate (WTI) for February delivery declined $1.99 (2.6%) to $75.89 […]
PFL Railcar Report 1-21-2025
“I still believe, in spite of everything, that people are truly good at heart.” -Anne Frank Jobs Update Stocks closed higher on Friday of last week and higher week over week Major indices experienced varied movements this week following geopolitical developments, strong U.S. employment figures, and mixed signs in inflation data. The DOW closed higher […]
RIN Recap 1-20-2025
“Nothing is a waste of time if you use the experience wisely.” – Auguste Rodin On Mobile? Click here to download the PDF
Petroleum Daily Report 1-17-2025
Oil prices fell on Friday, with Brent crude down 50 cents (0.6%) to $80.79 per barrel and U.S. West Texas Intermediate (WTI) crude dropping 80 cents (1%) to $77.88 per barrel. Despite the daily losses, both benchmarks posted weekly gains, with Brent up 1.3% and WTI climbing 1.7%. The market reacted to new U.S. sanctions […]
Petroleum Daily Report 1-16-2025
Oil prices dipped on Thursday, with Brent crude settling at $81.29 per barrel, down 74 cents (0.9%), and U.S. West Texas Intermediate (WTI) crude falling $1.36 (1.7%) to $78.68. This followed significant gains on Wednesday, where Brent and WTI hit their highest levels since July. Prices were pressured by expectations that Yemen’s Houthi militia would […]
Petroleum Daily Report 1-15-2025
Oil prices rose sharply on Wednesday, with Brent crude settling up $2.11, or 2.64%, at $82.03 a barrel, its highest since August. U.S. West Texas Intermediate (WTI) climbed $2.54, or 3.28%, to $80.04, marking its highest close since July.The rally followed a significant drop in U.S. crude inventories to their lowest level since 2022, driven […]
Petroleum Daily Report 1-14-2025
Oil prices eased on Tuesday as the U.S. Energy Information Administration (EIA) forecast steady domestic oil demand in 2025 alongside a slight increase in supply projections. However, losses were limited by new U.S. sanctions targeting Russian oil exports to India and China. Brent crude dropped $1.09 (-1.35%) to settle at $79.92 per barrel, while WTI […]
Petroleum Daily Report 1-13-2025
Oil prices rose roughly 2% on Monday to reach a four-month high, driven by expectations that expanded U.S. sanctions on Russian oil would prompt major buyers like India and China to seek alternative suppliers. Brent crude gained $1.25 (+1.6%) to close at $81.01, its highest since August 26. WTI rose $2.25 (+2.9%) to settle at […]
RIN Recap 1-13-2025
“Nothing is a waste of time if you use the experience wisely.” – Auguste Rodin On Mobile? Click here to download the PDF
PFL Railcar Report 1-13-2025
“Nothing is a waste of time if you use the experience wisely.” -Auguste Rodin 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 -696.75 points (-1.63%) and closing out the week at 41,938.45, down -793.68 points week-over-week. The S&P […]