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 eased on Thursday, retreating from the prior day’s seven-week highs as stronger U.S. economic data tempered expectations for aggressive rate cuts and supply concerns re-emerged. Brent futures rose 11 cents, or 0.16%, to settle at $69.42 a barrel while U.S. West Texas Intermediate futures fell 1 cent, or 0.02%, to settle at $64.98. […]
Oil prices jumped nearly 3% on Wednesday, reaching seven-week highs, as a surprise U.S. inventory draw and supply disruptions in Iraq, Venezuela and Russia fed a tightening narrative despite broader oversupply concerns. Brent settled at $69.31, up $1.68 (2.5%), its strongest close since August 1. WTI finished at $64.99, up $1.58 (2.5%), its highest since […]
Oil prices rebounded Tuesday, rising more than $1 a barrel, after a deal to resume exports from Iraq’s Kurdistan stalled—calming fears of fresh oversupply—while traders also weighed attacks on Russian energy facilities and U.S. inventory expectations. Brent crude settled at $67.63, up $1.06 (1.6%), while WTI closed at $63.41, up $1.13 (1.8%). Both benchmarks snapped […]
Oil prices edged slightly lower Monday as oversupply worries outweighed geopolitical tensions in Russia and the Middle East. Brent crude settled at $66.57, down 11 cents (−0.2%), while the expiring WTI October contract closed at $62.64 (−4 cents, −0.1%). The more active November contract slipped 12 cents (−0.2%) to $62.28. Both benchmarks have traded within […]
Oil prices dropped Friday as oversupply fears and weak demand signals outweighed the potential boost from this week’s Fed rate cut. Brent crude settled at $66.68, down 76 cents (−1.1%), while WTI closed at $62.68, down 89 cents (−1.4%). The market remains under pressure from robust OPEC+ output, steady Russian exports, and demand concerns flagged […]
Oil prices eased on Thursday as traders remained focused on U.S. economic headwinds a day after the Federal Reserve’s first rate cut of the year, with demand concerns outweighing geopolitical supply risks. Brent crude settled at $67.44, down 51 cents (−0.8%), while WTI closed at $63.57, off 48 cents (−0.8%). The Fed lowered its policy […]
Brent crude settled at $68.22, down 52 cents (−0.76%), while U.S. West Texas Intermediate (WTI) finished at $64.05, off 47 cents (−0.73%). The U.S. Energy Information Administration reported a sharp draw in crude stocks last week, driven by strong exports and weaker imports. But distillate inventories rose, sparking concerns over diesel demand. “Markets are responding […]
Brent crude settled at $68.47, up $1.03 (1.5%), and U.S. West Texas Intermediate (WTI) closed at $64.52, up $1.22 (1.9%). Ukraine has intensified drone attacks on Russian export hubs and refineries, disrupting operations at the Primorsk terminal, a key western outlet. Russia’s pipeline operator Transneft warned producers they may have to cut output if damage […]
Oil prices settled higher Monday as Ukrainian drone strikes on Russian refineries and U.S. pressure on NATO allies to halt Russian crude purchases added a risk premium, though gains were modest. Brent crude settled at $67.44, up 45 cents (0.67%), while U.S. West Texas Intermediate (WTI) closed at $63.30, up 61 cents (0.97%). Both benchmarks […]
Brent crude settled at $66.99, up 62 cents (0.93%), while U.S. West Texas Intermediate (WTI) closed at $62.69, up 32 cents (0.51%). Markets initially rallied on reports of the Primorsk attack, which underscored the vulnerability of Russian energy infrastructure and the potential for export disruption. “Those attacks have room to drag down Russian crude and […]