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 […]

Petroleum Daily Report 3-19-2025

Oil prices edged up on Wednesday after U.S. government data showed a draw in fuel inventories, though gains were capped by the Federal Reserve’s decision to hold interest rates steady. Brent crude settled up 22 cents (0.31%) at $70.78, while WTI rose 26 cents (0.39%) to $67.16. U.S. crude stocks rose by 1.7 million barrels […]

Petroleum Daily Report 3-18-2025

Oil prices eased about 1% on Tuesday as U.S. President Trump and Russian President Putin discussed a potential ceasefire in Ukraine, agreeing to a 30-day halt on attacks targeting each other’s energy infrastructure. Brent crude settled down 51 cents (0.7%) at $70.56, while WTI fell 68 cents (1.0%) to $66.90. While the possibility of eased […]

Petroleum Daily Report 3-17-2025

Oil prices rose slightly on Monday as geopolitical tensions and positive Chinese economic data supported market sentiment. Brent crude settled up 49 cents (0.7%) at $71.07, while WTI gained 40 cents (0.6%) to $67.58. The U.S. expanded military operations in the Middle East, vowing to continue strikes against Yemen’s Houthi rebels until their attacks on […]

PFL Railcar Report 3-17-2025

“The greatest teacher I know is the job itself.” – James Cash Penney Jobs Update Stocks closed higher on Friday of last week, but lower week over week The DOW closed higher on Friday of last week, up 674.62 points (1.65%) and closing out the week at 41,488.19, down -1,313.53 points week-over-week. The S&P 500 […]

Petroleum Daily Report 3-14-2025

Oil prices rebounded by 1% on Friday, closing the week nearly unchanged as investors weighed diminishing prospects for a quick Ukraine war resolution that could ease sanctions on Russian oil. Brent settled up 70 cents (1%) at $70.58, while WTI rose 63 cents (1%) to $67.18. This followed Thursday’s 1.5% and 1.7% declines, respectively. Both […]

Petroleum Daily Report 3-13-2025

Oil prices fell over 1% on Thursday as concerns over tariff wars and uncertainty surrounding a U.S. proposal for a Russia-Ukraine ceasefire weighed on the market. Brent settled down $1.07 (1.5%) at $69.88, while WTI dropped $1.13 (1.7%) to $66.55. The International Energy Agency (IEA) revised its 2025 oil demand growth forecast down by 70,000 […]