The Petroleum Daily Report from PFL Petroleum Services LLC provides daily settlement prices for key petroleum commodities, including crude oil (Brent and WTI), natural gas, RBOB gasoline, ULSD, propane, and butane. Each report includes expert market commentary highlighting the key factors and events influencing commodity prices.
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Oil prices climbed about 2% on Tuesday, reaching five-week highs as escalating military tensions in the Middle East renewed concerns over global energy supplies and shipping security. Brent crude rose 2.0% to settle at $91.01 per barrel, while West Texas Intermediate (WTI) also gained 2.0% to finish at $84.91 per barrel. Markets remained focused on […]
Oil prices settled higher on Monday following a volatile trading session as investors weighed the possibility of renewed diplomatic efforts between the United States and Iran against escalating threats to Middle East energy shipments. Brent crude rose 1.3% to settle at $89.22 per barrel after reaching an intraday high of $91.42, while West Texas Intermediate […]
Oil prices surged more than 4% on Friday, reaching their highest levels in over a month as escalating military conflict between the United States and Iran heightened concerns over global energy supplies. Brent crude rose 4.59% to settle at $88.10 per barrel, while West Texas Intermediate (WTI) gained 4.48% to finish at $82.49 per barrel. […]
Oil prices eased on Thursday but remained near one-month highs as escalating tensions in the Middle East continued to support a geopolitical risk premium. Brent crude fell 72 cents to settle at $84.23 per barrel, while West Texas Intermediate (WTI) fell 65 cents to $78.95 per barrel after both benchmarks briefly traded higher during the session. Markets remained […]
Oil prices moved modestly higher on Wednesday, supported by another draw in U.S. crude inventories, while traders largely looked past renewed military action between the United States and Iran. Brent crude settled at $84.95 per barrel, up 0.26%, while West Texas Intermediate (WTI) finished at $79.60 per barrel, up 0.33%. U.S. crude inventories declined by […]
Oil prices climbed nearly 2% Tuesday, with both Brent and WTI reaching one-month highs as renewed tensions between the United States and Iran heightened concerns over crude exports from the Middle East and shipping through the Strait of Hormuz. Brent crude settled at $84.73 per barrel, up $1.43 (1.7%), while West Texas Intermediate (WTI) closed […]
Oil prices surged more than 9% Monday, with both Brent and WTI reaching one-month highs after renewed geopolitical tensions raised concerns over crude exports from the Middle East and shipping through the Strait of Hormuz. Brent crude settled at $83.30 per barrel, up $7.29 (9.59%), while West Texas Intermediate (WTI) closed at $78.14 per barrel, […]
Oil prices edged lower Friday as traders looked past the latest military exchanges between the United States and Iran and focused on the prospect of improving energy shipments through the Strait of Hormuz. Despite the daily decline, both major crude benchmarks posted solid gains for the week. Brent crude settled at $76.01 per barrel, down […]
Oil prices declined Thursday, with both Brent and WTI falling roughly 2%, as concerns over global economic growth and inflation weighed on demand expectations despite ongoing uncertainty surrounding supply disruptions in the Middle East. Brent crude settled at $76.30 per barrel, down $1.72 (2.2%), while West Texas Intermediate (WTI) closed at $72.08 per barrel, down […]
Oil prices surged Wednesday, with both Brent and WTI posting gains of nearly 5%, after renewed tensions between the United States and Iran raised fears that hostilities could once again disrupt energy shipments through the Strait of Hormuz. Brent crude settled at $78.02 per barrel, up $3.86 (5.2%), while West Texas Intermediate (WTI) closed at […]