Oil prices fell on Wednesday due to rising U.S. crude inventories, but concerns over potential Iranian supply disruptions from the Middle East conflict and Hurricane Milton limited losses. Brent crude settled at $76.58 per barrel, down 60 cents (0.8%), and WTI dropped 33 cents (0.5%) to $73.24. U.S. crude inventories increased by 5.8 million barrels […]
Oil prices dropped over 4% on Tuesday following news of a potential ceasefire between Hezbollah and Israel, which eased immediate concerns over regional conflict impacting oil supply. Brent crude futures fell $3.75, or 4.63%, to settle at $77.18 per barrel, while U.S. West Texas Intermediate (WTI) dropped $3.57, or 4.63%, to $73.57 per barrel. Both […]
Calgary, October 8, 2024 – “PFL Rail Services Canada Inc. (“PFL Canada”) is excited to announce today that we have opened an office in Calgary, Alberta Canada, and have appointed Cynthia Popov as the new VP of Operations & Business Development. “With over 14 years of experience in supply chain management and rail logistics, Cyndi […]
Oil prices surged over 3% on Monday, with Brent crude rising above $80 per barrel for the first time since August, as escalating tensions in the Middle East spurred investor concerns over potential disruptions to oil supplies. Brent crude futures closed at $80.93 per barrel, up $2.88 or 3.7%, while U.S. West Texas Intermediate (WTI) […]
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Oil prices climbed on Friday, marking their biggest weekly gains in over a year amid growing concerns of a wider conflict in the Middle East. Brent crude futures rose 0.6% to $78.05 per barrel, while U.S. West Texas Intermediate (WTI) crude gained 0.9% to settle at $74.38 per barrel. The weekly gains for Brent were […]
Oil prices rose slightly on Wednesday amid concerns that the escalating conflict between Iran and Israel could disrupt oil supplies from the Middle East. Brent crude increased by 34 cents (0.46%) to $73.90 per barrel, while U.S. West Texas Intermediate rose 27 cents (0.39%) to $70.10. The tension followed Iran’s largest-ever missile attack on Israel, […]
Oil prices rose slightly on Wednesday amid concerns that the escalating conflict between Iran and Israel could disrupt oil supplies from the Middle East. Brent crude increased by 34 cents (0.46%) to $73.90 per barrel, while U.S. West Texas Intermediate rose 27 cents (0.39%) to $70.10. The tension followed Iran’s largest-ever missile attack on Israel, […]
Oil prices surged by around 3% on Tuesday after Iran launched ballistic missiles at Israel, escalating tensions in the Middle East. Brent crude rose $1.86 (2.6%) to $73.56 a barrel, while U.S. WTI gained $1.66 (2.4%) to settle at $69.83. Earlier in the day, both benchmarks had jumped by over 5%. Fears of potential disruptions […]
Oil prices were largely unchanged on Monday but saw a significant 17% drop for the third quarter due to concerns over weak global demand. Brent crude futures for November delivery fell 21 cents to $71.77 per barrel, while the December contract gained 27 cents to $71.81. West Texas Intermediate (WTI) settled at $68.17, down 16% […]