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 fell on Thursday after Israel and Hamas agreed to a ceasefire deal brokered by the United States, easing geopolitical risk premiums in energy markets. Brent crude settled $1.03 lower (-1.6%) at $65.22, while WTI dropped $1.04 (-1.7%) to $61.51. The ceasefire, which includes a mutual release of hostages and prisoners and a partial […]
Oil prices rose about 1% to a one-week high on Wednesday as traders bet that stalled Ukraine peace talks would keep sanctions on Moscow in place, while U.S. data showed stronger fuel consumption. Brent crude settled 80¢ higher (+1.2%) at $66.25, and WTI gained 82¢ (+1.3%) to $62.55, marking their highest closes since September 30 and […]
Oil prices steadied on Tuesday as investors weighed a smaller-than-expected OPEC+ output hike against signs that global inventories may keep rising through next year. Brent crude settled 2¢ lower (-0.03%) at $65.45, while U.S. WTI gained 4¢ (+0.06%) to $61.73. Both benchmarks rose more than 1% on Monday after OPEC and its allies agreed to […]
Oil prices rose about 1% on Monday after OPEC+ announced a smaller-than-expected production increase for November, calming some oversupply worries though weak demand expectations limited gains. Brent crude settled $0.94 higher (+1.46%) at $65.47, while U.S. WTI gained $0.81 (+1.33%) to $61.69. The OPEC+ coalition confirmed plans to raise output by 137,000 bpd in November […]
Oil prices edged higher on Friday but still logged their steepest weekly loss in over three months, as expectations of more OPEC+ supply weighed heavily on sentiment. Brent crude settled at $64.53, up 42¢ (+0.7%), while U.S. WTI closed at $60.88, up 40¢ (+0.7%). Despite the modest daily gains, Brent lost 8.1% and WTI fell […]
Oil prices extended their decline for a fourth day, sinking to four-month lows as oversupply concerns overshadowed geopolitical risks. Brent crude settled at $64.11, down $1.24 (-1.9%), its lowest since June 2. U.S. WTI finished at $60.48, down $1.30 (-2.1%), its weakest since May 30. Traders remain focused on the OPEC+ meeting this weekend, where […]
Oil prices extended their slide to a third straight session, closing at fresh 16-week lows as a U.S. government shutdown heightened worries about global demand and traders braced for more supply from OPEC+. Brent crude settled at $65.35, down 68¢ (-1.0%), the lowest close since June 5. U.S. West Texas Intermediate finished at $61.78, down […]
Oil prices slipped further Tuesday as supply concerns overshadowed recent geopolitical risks, with traders bracing for a potentially larger OPEC+ output hike and the restart of Kurdish exports through Turkey. Brent for November delivery (expiring Tuesday) settled at $67.02, down 95¢ (1.4%), while the more active December contract closed at $66.03. WTI ended at $62.37, […]
Oil prices tumbled Monday, erasing last week’s gains, as supply concerns returned with OPEC+ set to boost output again and Kurdish exports resuming through Turkey. Brent crude closed at $67.97, down $2.16 (3.1%), while WTI settled at $63.45, down $2.27 (3.45%). The pullback followed Friday’s rally to the highest levels since late July. OPEC+ is […]
Oil prices rose Friday, closing at their highest in weeks, as Ukrainian drone strikes on Russian energy assets cut fuel exports and U.S. allies faced fresh pressure from Washington to reduce Russian imports. Brent crude settled at $70.13, up 71 cents (1.02%), while WTI closed at $65.72, gaining 74 cents (1.14%). Both benchmarks are on […]