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 surged around 5% to a two-week high on Thursday after the United States imposed sanctions on major Russian oil producers Rosneft and Lukoil, raising fears of tighter global supply. Brent crude futures rose $3.40, or 5.4%, to settle at $65.99 a barrel, while U.S. West Texas Intermediate (WTI) crude climbed $3.29 or 5.6%, […]
Oil prices pushed higher for a second day on Wednesday, buoyed by growing U.S. energy consumption and hopes of progress for a U.S. trade deal with China and India. Brent crude futures rose $1.27 to $62.59 a barrel, while U.S. West Texas Intermediate crude futures climbed $1.26, to $58.50. U.S. crude oil, gasoline, and distillate […]
Oil prices settled higher on Tuesday, bouncing off the previous session’s five-month lows, as investors reassessed expectations of a looming glut and sought clarity on the trade dispute between the U.S. and China, the world’s two biggest oil consumers. Brent crude futures rose 31 cents, or 0.5%, to settle at $61.32 a barrel, while U.S. West […]
Oil prices settled at their lowest since early May on Monday as oversupply concerns deepened and renewed U.S.–China trade tensions raised fears of slowing global demand. Brent crude futures fell 28¢ (-0.46%) to $61.01 per barrel, while U.S. West Texas Intermediate (WTI) eased 2¢ (-0.03%) to $57.52 — both benchmarks closing at their weakest levels […]
Oil prices posted small gains Friday but ended the week sharply lower, down nearly 3%, as expectations for an oversupplied market outweighed easing geopolitical tensions. Brent crude futures settled 23¢ higher (+0.38%) at $61.29 a barrel, while U.S. West Texas Intermediate (WTI) futures edged up 8¢ (+0.14%) to $57.54. For the week, Brent fell 8.1%, […]
Oil prices were steady Thursday as traders weighed the potential impact of India halting imports of Russian oil — a move that could reshape global flows and tighten supply — against fresh U.S. inventory builds. Brent crude futures settled 85 cents, or 1.37%, lower at $61.06 a barrel. U.S. West Texas Intermediate futures closed 81 […]
Oil prices slipped again Wednesday, hitting five-month lows, as rising U.S.–China trade friction and IEA warnings of a looming surplus in 2026 weighed on the market. Brent crude fell 48¢ (−0.8%) to $61.91, its lowest settlement since May 7. WTI dropped 43¢ (−0.7%) to $58.27, also marking its weakest close since early May. The International […]
Oil prices fell Tuesday, extending losses to a second straight session as the International Energy Agency (IEA) warned of a potential 2026 supply glut and U.S.–China trade tensions lingered, weighing on the demand outlook. Brent crude settled $0.93 (-1.5%) lower at $62.39, while WTI closed $0.79 (-1.3%) lower at $58.70 — both marking five-month lows. […]
Oil prices rose Monday after confirmation that U.S. President Donald Trump will meet Chinese President Xi Jinping later this month, easing renewed trade tensions that last week pushed crude to five-month lows. Brent crude gained $0.59 (+0.9%) to $63.32, while WTI rose $0.59 (+1.0%) to $59.49. Both benchmarks had plunged about 4% Friday after Trump […]
Oil prices tumbled more than 3% Friday as renewed U.S.–China trade tensions overshadowed market fundamentals and revived fears of weaker global demand. Brent crude fell $2.49 (-3.82%) to $62.73, its lowest since May 5, while WTI dropped $2.61 (-4.24%) to $58.90, the lowest since early May. Both benchmarks marked their fourth straight daily decline. U.S. […]