
Petroleum Daily Report 8-2-2022
Oil prices were higher today ahead of tomorrow’s OPEC+ meeting.
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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Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.

Oil prices were higher today ahead of tomorrow’s OPEC+ meeting.

Oil prices tanked today as weak manufacturing data from several countries (Bad PMI in China specifically) weighed on prices.

Oil prices were higher today but both contracts logged losses for the second month in a row.

Oil prices were mixed today as today’s GDP numbers indicated the US is officially in a technical recession. Recession and demand concerns have been weighing on crude prices for the last few weeks. The US economy “unexpectedly” contracted in the second quarter of this year in tandem with a weaker-than-expected jobs report. “When we look […]

Oil prices were higher today on a larger than expected drop in US crude inventories and cuts of Russian gas flows to Europe

Oil prices were lower today as investors were worried about a bad consumer confidence report and another 20MM/bbls release from the SPR

Oil was higher today, as Russia again is shipping less gas to the EU due to issues with the Nord Steam

Crude prices traded down today with US crude settling below $95 for the first time since April in another choppy session

Crude prices traded down today with US crude settling below $95 for the first time since April in another choppy session

Oil prices were lower today as demand for gasoline (product supplied) was lower than expected and gasoline inventories were much higher than expected.