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 climbed on Tuesday, supported by continued fallout from new U.S. sanctions on Russian energy firms and optimism surrounding progress to end the U.S. government shutdown. Gains, however, remained limited by expectations of persistent oversupply. Brent crude settled $1.10 higher at $65.16 a barrel, up 1.7%, while WTI rose $0.91 to $61.04, up 1.5%. […]
Oil prices settled higher on Monday as traders weighed potential supply disruptions stemming from new U.S. sanctions and continued Ukrainian drone attacks on Russian energy infrastructure. Expectations of a global crude surplus, however, kept gains contained. Brent crude rose $0.43, or 0.7%, to $64.06 per barrel, while WTI gained $0.38, or 0.6%, to close at […]
Oil prices recovered on Friday, rebounding from midday losses as markets reacted to reports that Hungary may continue using Russian crude oil following a White House meeting between U.S. President Donald Trump and Hungarian Prime Minister Viktor Orban. Brent crude settled up 25 cents, or 0.39%, at $63.63 per barrel, while WTI gained 32 cents, […]
Oil prices declined on Thursday, pressured by renewed concerns of a global supply glut and weaker demand signals in the United States, the world’s largest oil consumer. Brent crude fell 14 cents, or 0.22%, to $63.38 per barrel, while WTI slipped 17 cents, or 0.29%, to $59.43. Both benchmarks have now posted three consecutive monthly […]
Oil prices slipped more than 1% on Wednesday, settling at two-week lows as growing concerns over a potential global supply glut weighed on the market. However, signs of strong U.S. gasoline demand helped limit losses. Brent crude fell 92 cents, or 1.43%, to $63.52 per barrel, while WTI dropped 96 cents, or 1.59%, to $59.60. […]
Oil prices edged lower on Tuesday as a stronger U.S. dollar and weaker global manufacturing data renewed concerns over energy demand. Traders also weighed OPEC+’s latest production plans and the impact of ongoing U.S. sanctions on Russian oil exports. Brent crude fell 45 cents, or 0.7%, to $64.44 a barrel, while U.S. West Texas Intermediate […]
Oil prices held steady Monday as traders weighed OPEC+’s latest output increase against plans to pause production hikes early next year, while weak factory data in Asia renewed concerns about slowing demand. Brent crude settled at $64.89 a barrel, up $0.12 (0.2%), and U.S. West Texas Intermediate closed at $61.05, up $0.07 (0.1%). OPEC+ members […]
Oil prices ended slightly higher on Friday after a volatile session, rallying on reports of potential U.S. air strikes on Venezuela. Brent crude settled at $65.07 a barrel, up $0.07 (0.11%), while U.S. West Texas Intermediate closed at $60.98, up $0.41 (0.68%). Prices initially spiked after several outlets reported that U.S. military operations against Venezuela […]
Oil prices held near even on Thursday as traders weighed progress in U.S.-China trade talks against concerns of continued oversupply. Brent crude rose $0.08 (0.1%) to $65.00 a barrel, while U.S. West Texas Intermediate gained $0.09 (0.1%) to $60.57. President Trump announced a one-year trade agreement with Chinese President Xi Jinping following their meeting in […]
Oil prices rose on Wednesday after U.S. data showed a larger-than-expected draw in crude and fuel inventories, while optimism around trade talks between Presidents Trump and Xi helped lift broader market sentiment. Brent crude gained $0.52(0.8%) to $64.92 a barrel, while U.S. West Texas Intermediate rose $0.33 (0.6%) to $60.48. The U.S. Energy Information Administration […]