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 nearly 3% on Tuesday, extending their rally as persistent supply disruptions tied to the Strait of Hormuz outweighed bearish developments from the United Arab Emirates’ decision to exit OPEC+. Brent crude settled at $111.26 per barrel, up 2.8% and marking a seventh consecutive gain, while U.S. West Texas Intermediate (WTI) rose 3.7% […]
Oil prices advanced on Monday, climbing roughly 3% to a two-week high as stalled U.S.-Iran negotiations and continued disruptions in the Strait of Hormuz kept global supply conditions tight. Brent crude settled at $108.23 per barrel, up 2.8%, while U.S. West Texas Intermediate (WTI) rose 2.1% to $96.37. The move extended Brent’s rally to six […]
Oil prices whipsawed on Friday, ending the session mixed but posting strong gains for the week as markets balanced ongoing supply disruptions against renewed prospects for U.S.-Iran diplomacy. Brent crude settled at $105.33 per barrel, up 0.3%, while U.S. West Texas Intermediate (WTI) declined 1.5% to $94.40. Early in the session, prices moved higher on […]
Oil prices moved higher on Thursday, with benchmarks gaining around 3% after intraday spikes driven by escalating geopolitical tensions in Iran. Brent crude settled at $105.07 per barrel, up 3.1%, while U.S. West Texas Intermediate (WTI) rose 3.11% to $95.85. Prices briefly surged by roughly $5 earlier in the session before paring gains. The move […]
Oil prices moved higher on Wednesday, gaining more than $3 as tighter U.S. refined product inventories and renewed security incidents in the Strait of Hormuz reinforced supply concerns. Brent crude settled at $101.91 per barrel, up 3.48%, while U.S. West Texas Intermediate (WTI) rose 3.67% to $92.96. The rally was supported by U.S. inventory data […]
Oil prices moved higher on Tuesday, gaining roughly 3% as uncertainty around peace talks between the U.S. and Iran supported a renewed risk premium ahead of the ceasefire deadline. Brent crude rose $3.00, or 3.1%, to settle at $98.48 per barrel, while U.S. West Texas Intermediate (WTI) gained $2.52, or 2.8%, to close at $92.13. […]
Oil prices rebounded sharply on Monday, rising around 6% as renewed tensions around the Strait of Hormuz and uncertainty over diplomatic progress reversed the prior session’s steep losses. Brent crude gained $5.10, or 5.6%, to settle at $95.48 per barrel, while U.S. West Texas Intermediate (WTI) rose $5.76, or 6.9%, to $89.61. The move higher […]
Oil prices fell sharply on Friday, posting declines of around 9–11% as signs of easing supply constraints triggered a rapid unwind of the geopolitical risk premium. Brent crude dropped $9.01, or 9.1%, to settle at $90.38 per barrel after falling as low as $86.09 intraday. U.S. West Texas Intermediate (WTI) fell $10.84, or 11.5%, to […]
Oil prices moved higher on Thursday, supported by skepticism that upcoming U.S.-Iran negotiations will deliver a near-term resolution to ongoing supply disruptions in the Middle East. Brent crude rose $4.46, or 4.7%, to settle at $99.39 per barrel, while U.S. West Texas Intermediate (WTI) gained $3.40, or 3.7%, to $94.69. The rally reflects persistent concerns over […]
Oil prices were little changed on Wednesday, as persistent concerns over supply disruptions offset comments suggesting the conflict with Iran could wind down in the near term. Brent crude edged up 14 cents, or 0.1%, to settle at $94.93 per barrel, while U.S. West Texas Intermediate (WTI) was essentially flat, rising one cent to $91.29. Market […]