PFL Railcar Report 5-18-2026

“Happiness and moral duty are inseparably connected.” – George Washington Jobs Update Initial jobless claims seasonally adjusted for the week ending May 9, 2026 came in at 211,000, versus the adjusted number of 199,000 people from the week prior, up 12,000 people week over week. Continuing jobless claims came in at 1,782,000, versus the adjusted […]

Petroleum Daily Report 5-15-2026

Brent crude futures settled at $109.26 per barrel, up $3.54, or 3.35%, while U.S. West Texas Intermediate crude rose $4.25, or 4.2%, to settle at $105.42. For the week, Brent climbed 7.84% and WTI gained 10.48% as uncertainty surrounding the fragile ceasefire and ongoing disruptions in the Strait of Hormuz continued to support prices. Market […]

Petroleum Daily Report 5-14-2026

Brent crude futures settled up 9 cents, or 0.09%, at $105.72 per barrel, while U.S. West Texas Intermediate crude gained 15 cents, or 0.15%, to close at $101.17. Brent traded as high as $107.13 earlier in the session before giving back most of its gains. Markets remained highly sensitive to developments surrounding the Iran conflict […]

Petroleum Daily Report 5-13-2026

Brent crude settled down $2.14, or 2.0%, at $105.63 per barrel, while U.S. West Texas Intermediate (WTI) crude fell $1.16, or 1.1%, to $101.02. The decline followed a strong rally earlier in the week that had been driven by fading hopes for a durable U.S.-Iran ceasefire and continued supply disruptions in the Gulf region. Markets […]

Petroleum Daily Report 5-12-2026

Brent crude rose $3.56, or 3.42%, to $107.77 per barrel, while U.S. West Texas Intermediate (WTI) gained $4.11, or 4.19%, to $102.18. The move extended Monday’s gains as markets continued rebuilding geopolitical risk premiums tied to the ongoing conflict and the effective closure of the Strait of Hormuz. The latest rally was driven largely by […]

Petroleum Daily Report 5-11-2026

Brent crude settled up $2.92, or 2.9%, at $104.21 per barrel, while U.S. West Texas Intermediate (WTI) crude gained $2.65, or 2.8%, to close at $98.07. During the session, Brent briefly climbed to nearly $106 while WTI moved back above the $100 level. The rebound followed comments from U.S. President Donald Trump, who described the […]

PFL Railcar Report 5-11-2026

“No man ever steps in the same river twice, for it’s not the same river and he’s not the same man.” – Heraclitus 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 12.19 points (0.02%), closing out the week at 49,609.16, […]

Petroleum Daily Report 5-8-2026

Brent crude settled up $1.23, or 1.2%, at $101.29 per barrel after earlier surging as much as 3% during the session. U.S. West Texas Intermediate (WTI) crude rose 61 cents, or 0.6%, to close at $95.42 per barrel. Despite Friday’s gains, both benchmarks still posted weekly declines of more than 6%. Markets remained highly reactive […]

Petroleum Daily Report 5-7-2026

Brent crude settled down $1.21, or 1.2%, at $100.06 per barrel, while U.S. West Texas Intermediate (WTI) crude slipped 27 cents, or 0.3%, to $94.81. Both benchmarks had fallen by as much as $5 earlier in the session before recovering some losses in late trading following reports of explosion-like sounds near Bandar Abbas, Iran. The […]