Petroleum Daily Report 8-20-2025

Brent crude settled at $66.84, up $1.05 (1.6%), while U.S. West Texas Intermediate (WTI) rose 86 cents (1.4%) to close at $63.21. The gains came a day after WTI closed at its lowest since May 30 on optimism that sanctions on Russia could ease if negotiations advance. The EIA reported a 6 million barrel decline […]

Petroleum Daily Report 8-19-2025

Brent crude settled at $65.79, down 81 cents (−1.22%), while U.S. West Texas Intermediate (WTI) for September delivery — set to expire Wednesday — closed at $62.35, a drop of $1.07 (−1.69%). The weakness reflected growing bets that diplomatic progress could ease restrictions on Moscow’s exports. President Donald Trump said he had spoken with Russian […]

Petroleum Daily Report 8-18-2025

Brent crude rose 75 cents (1.14%) to settle at $66.60, while U.S. West Texas Intermediate (WTI) gained 62 cents (0.99%) to finish at $63.42. The move followed last week’s losses, with Brent down 1.1% and WTI off 1.7%. President Donald Trump met Ukrainian President Volodymyr Zelenskiy in Washington, days after inconclusive talks with Russian President […]

PFL Railcar Report 8-18-2025

“The good life is a process, not a state of being. It is a direction not a destination.” – Carl Rogers Jobs Update • Initial jobless claims seasonally adjusted for the week ending August 9, 2025, came in at 224,000, down 3,000 people week over week. • Continuing jobless claims came in at 1,953,000, versus […]

Petroleum Daily Report 8-15-2025

Brent crude settled at $65.85, down 99 cents (−1.5%), while U.S. West Texas Intermediate (WTI) closed at $62.80, a drop of $1.16 (−1.8%). For the week, Brent slipped 1.1% and WTI lost 1.7%. President Donald Trump arrived in Alaska for his meeting with Russian President Vladimir Putin, saying he wants to see a Ukraine ceasefire […]

Petroleum Daily Report 8-14-2025

Brent crude rose $1.21 (1.8%) to settle at $66.84, while U.S. West Texas Intermediate (WTI) gained $1.31 (2.1%) to close at $63.96. The rally lifted both benchmarks out of technically oversold territory for the first time in three sessions and marked Brent’s highest close since August 6. The gains came after President Donald Trump warned […]

Petroleum Daily Report 8-13-2025

Oil prices extended their decline on Thursday, hitting multi-week lows before paring losses into the close, as supply concerns and geopolitical uncertainty continued to weigh on sentiment. Brent crude settled at $65.63, down 49 cents (−0.7%), after touching an intraday low of $65.01 — its weakest level since June 6. U.S. West Texas Intermediate (WTI) […]

Petroleum Daily Report 8-12-2025

Brent crude settled at $66.12, down 51 cents (−0.77%), while U.S. West Texas Intermediate (WTI) closed at $63.17, down 79 cents (−1.24%). Analysts said the decline was largely seasonal, with fading diesel consumption — a key driver of recent demand — adding to the softer tone. John Kilduff of Again Capital noted that the market […]

Petroleum Daily Report 8-11-2025

Brent crude settled at $66.63, up 4 cents (0.06%), while U.S. West Texas Intermediate (WTI) closed at $63.96, gaining 8 cents (0.13%). The modest moves come after both benchmarks fell more than 4% last week. Market focus is squarely on the scheduled August 15 meeting in Alaska between President Donald Trump and Russian President Vladimir […]