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 closed higher on Monday, with Brent on track for a record monthly gain and U.S. crude futures settling above $100 per barrel for the first time since 2022, as escalating tensions in the Middle East added fresh supply risk. Brent crude edged up 21 cents, or 0.2%, to settle at $112.78 per barrel after […]
Oil prices moved higher on Friday, extending weekly gains as skepticism persists around the likelihood of a near-term ceasefire in the month-long Iran conflict. Brent crude rose $4.56, or 4.2%, to settle at $112.57 per barrel, while U.S. West Texas Intermediate (WTI) gained $5.16, or 5.5%, to close at $99.64. Since late February—just ahead of […]
Crude futures closed higher on Thursday, rebounding from the previous session’s losses, as hopes for a swift end to the war in the Middle East faded. Brent futures rose $5.79, or 5.7%, to settle at $108.01 per barrel on Thursday, while U.S. West Texas Intermediate crude futures gained $4.16, or 4.6%, to close at $94.48 […]
Oil prices declined on Wednesday, settling lower after paring steeper intraday losses, as markets reacted to ongoing diplomatic developments surrounding the conflict in the Persian Gulf. Brent crude settled at $102.22 per barrel, down $2.27 or 2.2%, while U.S. West Texas Intermediate (WTI) crude settled at $90.32 per barrel, down $2.03 or 2.2%. Earlier in the […]
Oil prices rebounded on Tuesday as the largest global crude supply disruption remained in place and Iran denied engaging in negotiations with the United States, contradicting statements suggesting a potential near-term resolution to the conflict. Brent crude settled at $104.49 per barrel, up $4.55 or 4.55%, while U.S. West Texas Intermediate (WTI) crude settled at […]
Oil prices declined sharply on Monday, with both benchmarks falling by roughly 11%, after the U.S. announced a five-day delay in potential military strikes on Iranian power infrastructure and pointed to constructive diplomatic discussions aimed at de-escalating the conflict. Brent crude settled at $99.94 per barrel, down $12.25 or 10.9%, while U.S. West Texas Intermediate […]
Oil prices surged on Friday, settling at their highest levels in nearly four years, as Iraq declared force majeure on all oilfields operated by foreign companies and geopolitical tensions escalated, with the U.S. preparing to deploy additional Marines and naval forces to the Middle East. Brent crude for May delivery settled at $112.19 per barrel, […]
Brent crude rose on Thursday, settling at $108.65 per barrel, up $1.27 or 1.18%. Earlier in the session, Brent reached a high of $119.13, approaching the 3½-year peak seen earlier in March. U.S. West Texas Intermediate (WTI) crude closed at $96.14 per barrel, down 18 cents or 0.19%, after earlier climbing nearly $4 to a […]
Oil prices climbed on Wednesday as escalating attacks on energy infrastructure across the Middle East heightened concerns over prolonged supply disruptions. Brent crude settled at $107.38 per barrel, up nearly $4, or 3.8%, while U.S. West Texas Intermediate (WTI) crude settled at $96.32, up 11 cents, or 0.1%. Brent briefly traded near $110 and has now […]
Oil prices rose on Tuesday as renewed Iranian attacks on energy infrastructure in the Middle East reignited supply concerns and underscored the risk of prolonged disruptions from the ongoing conflict. Brent crude settled at $103.42 per barrel, up $3.21, or 3.2%, while U.S. West Texas Intermediate (WTI) crude settled at $96.21, up $2.71, or 2.9%. […]