Petroleum Daily Report 5-12-2025

Oil prices climbed about 1.5% on Monday to reach a two-week high, supported by renewed optimism over a potential resolution to the U.S.-China trade conflict. Brent crude futures settled up $1.05, or 1.6%, at $64.96 per barrel, while U.S. West Texas Intermediate (WTI) crude rose 93 cents, or 1.5%, to close at $61.95. Both benchmarks […]

PFL Railcar Report 5-12-2025

“Progress never comes from those satisfied with the failures of a broken system, it comes from those who want to fix the broken system” – Donald Trump Jobs Update Stocks closed lower on Friday of last week, but mixed week over week The DOW closed lower on Friday of last week, down -119.07 points (-0.29%) […]

Petroleum Daily Report 5-9-2025

Oil prices ended nearly 2% higher on Friday, logging their first weekly gain since mid-April as optimism over a new U.S.-UK trade deal and anticipation of U.S.-China trade talks lifted investor sentiment. Brent crude futures rose $1.07, or 1.7%, to settle at $63.91 a barrel, while U.S. West Texas Intermediate (WTI) crude futures gained $1.11, […]

Petroleum Daily Report 5-8-2025

Oil prices rebounded on Thursday, rising around 3%, as optimism over upcoming trade talks between the United States and China—the world’s top two oil consumers—buoyed market sentiment. Brent crude futures settled up $1.72, or 2.8%, at $62.84 a barrel, while U.S. West Texas Intermediate (WTI) crude climbed $1.84, or 3.2%, to close at $59.91. The […]

Petroleum Daily Report 5-7-2025

Oil prices extended losses on Wednesday, continuing their slide from earlier in the week as concerns about oversupply and weakened demand weighed heavily on the market. U.S. crude oil futures settled at $58.07 per barrel, down $1.02 or 1.73%, while Brent crude futures settled at $61.12 per barrel, a decrease of $1.03 or 1.66%. Both […]

Petroleum Daily Report 5-6-2025

Oil prices climbed around 4% on Tuesday, rebounding from a sharp selloff the previous day as signs of stronger demand from Europe and China, rising geopolitical tensions in the Middle East, and bargain buying supported the market. Brent crude futures rose $2.37, or 3.9%, to settle at $62.60 a barrel, while U.S. West Texas Intermediate […]

Petroleum Daily Report 5-5-2025

Oil prices fell by more than $1 a barrel on Monday, settling at multi-year lows, as OPEC+’s decision to accelerate output hikes stoked concerns about rising global supply amid an uncertain demand outlook. Brent crude futures settled at $60.23 a barrel, down $1.06, or 1.7%, while U.S. West Texas Intermediate (WTI) crude ended at $57.13 […]

PFL Railcar Report 5-5-2025

“Chains of habit are too light to be felt until they are too heavy to be broken.”  Warren Buffett 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 564.47 points (1.39%) and closing out the week at 41,317.43, up […]