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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Brent crude for July delivery, which expired Friday, settled at $92.05 per barrel, down $1.66, or 1.8%. U.S. West Texas Intermediate (WTI) crude fell $1.54, or 1.7%, to close at $87.36 per barrel. The three-month conflict has repeatedly produced expectations of a breakthrough that would reopen the Strait of Hormuz, a critical shipping lane that […]
Oil prices ended mixed on Thursday after another volatile trading session, as traders weighed conflicting signals surrounding efforts to extend the fragile ceasefire between the United States and Iran. Brent crude for July delivery, which expires Friday, settled down 58 cents, or 0.6%, at $93.71 per barrel. The more actively traded August Brent contract, however, […]
Oil prices tumbled more than 5% on Wednesday as markets focused on signs of progress in negotiations between the United States and Iran aimed at ending the conflict and gradually reopening the Strait of Hormuz. Brent crude settled down $5.29, or 5.31%, at $94.29 per barrel, while U.S. West Texas Intermediate (WTI) crude fell $5.21, […]
Oil prices rose sharply Tuesday after U.S. military strikes in Iran undermined hopes for a near-term agreement between Washington and Tehran that could reopen shipping through the Strait of Hormuz and ease global supply disruptions. Brent crude climbed $3.44, or 3.6%, to settle at $99.58 per barrel. U.S. West Texas Intermediate (WTI) crude, however, fell […]
Bent crude futures settled up 96 cents, or 0.94%, at $103.54 a barrel, while U.S. West Texas Intermediate crude gained 25 cents, or 0.26%, to close at $96.60 a barrel. Despite Friday’s rebound, both contracts posted weekly losses amid continued volatility driven by shifting expectations surrounding U.S.-Iran negotiations. Brent fell 5.48% for the week, while WTI […]
Brent crude futures settled down $2.44, or 2.3%, at $102.58 a barrel, while U.S. West Texas Intermediate crude fell $1.91, or 1.9%, to close at $96.35 a barrel. Both benchmarks ended at their lowest levels in nearly two weeks. Earlier in the session, prices surged as much as 4% after Iran’s supreme leader had issued a […]
Oil prices fell about 6% on Wednesday after U.S. President Donald Trump said negotiations with Iran were entering their final stages, raising hopes for a potential easing of tensions in the Middle East. Even so, investors remained cautious as major disruptions to regional oil supplies continued. Brent crude futures settled down $6.26, or 5.63%, at […]
Oil prices settled lower on Tuesday after U.S. Vice President JD Vance said Washington and Tehran had made progress in negotiations, easing some fears of an immediate escalation in the Iran conflict. “We think that we’ve made a lot of progress. We think the Iranians want to make a deal,” Vance told reporters during a White […]
Oil prices climbed about 3% to a two-week high in volatile trading on Monday as concerns over prolonged supply disruptions from the Iran war outweighed reports that the United States may temporarily waive sanctions on Iranian crude during ongoing negotiations. Brent crude futures for July delivery rose $2.84, or 2.6%, to settle at $112.10 per barrel, […]
Brent crude futures settled at $109.26 per barrel, up $3.54, or 3.35%, while U.S. West Texas Intermediate crude rose $4.25, or 4.2%, to settle at $105.42. For the week, Brent climbed 7.84% and WTI gained 10.48% as uncertainty surrounding the fragile ceasefire and ongoing disruptions in the Strait of Hormuz continued to support prices. Market […]