
Petroleum Daily Report 2-1-2022
Oil prices had another strong session today, posting the strongest month in a year boosted by tight supplies and geopolitical tensions
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 had another strong session today, posting the strongest month in a year boosted by tight supplies and geopolitical tensions

Oil prices had another strong session today, posting the strongest month in a year boosted by tight supplies and geopolitical tensions

This is the sixth straight week over week gain, the longest run since October. Brent is in steep backwadartion of $6.92/bbl, the biggest gap since 2013.

WTI fell today, and Brent was mostly flat as Fed tightening (which means a stronger dollar) is putting pressure on markets.

Oil prices rallied today, extending yesterday’s rebound with Brent topping $90/bbl for the first time since 2014 before trading slightly lower. O

Oil prices gained today, as geopolitical tensions continue to support prices. However, tensions may be fizzling in the Ukraine, as Ukraine’s defense chief said he doesn’t expect

Oil prices fell today, clawing back initial losses of more than 5% in a volatile session. Financial markets sold off today on investor concerns over the possibility of a quicker rate hike than expected, but…

Oil prices fell today, but were up week over week for the fifth week in a row. Prices are up more than 10% so far on the year.

Oil prices were pretty much flat for the day, despite a build in crude inventories and a large build in gasoline inventories.

“While $90 could have triggered some profit-taking and a minor cooling of prices, this suggests they’ll see no reprieve and we could realistically see $100 oil soon,”