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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Crude prices slipped today after rising slightly yesterday heading into next week’s OPEC meeting. “We’ve had incredibly strong demand numbers through December, so now the question is what OPEC will do,”
Brent settled up 29 cents to close the day at $79.23. WTI also saw gains settling up 41 cents to close the day at $76.56.
. “The stock market appears poised to finish the year at or near record highs with easy spillover into the oil space pushing crude values higher,
WTI traded up $1.78 or 1.42% to close at $75.57. Brent traded up $2.85 or 3.74% to close at $78.99
Oil prices were strong today on a big draw in crude inventories despite the largest build in gasoline inventories in 6 months.
Oil prices rose today, gaining back yesterday’s losses. Markets remain wary of this new virus strain but today was a day of renewed risk appetite.
Oil and financial markets were hit hard today in another risk off day brought on by fears of new lockdowns globally.
Oil and nat gas prices fell today, as Covid market jitters hurt financial markets across the board.
Oil prices rose today, coming off of yesterday’s bullish inventory report as the market tries to wrap its head around the Feds next move.
The EIA data was very strong across all elements, record implied oil demand, large draw of crude and oil products,