
Petroleum Daily Report 10-7-2021
Oil prices rebounded slightly today after yesterday’s rout despite the DOE saying that “all tools are always on the table
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 rebounded slightly today after yesterday’s rout despite the DOE saying that “all tools are always on the table

Oil prices traded down today, coming off multi year highs on a surprise build in crude and gasoline inventories.

Oil prices continued to rise today, with WTI hitting highs not seen since 2014. Prices have already risen more than 50% for the year and are expected to draw continued support from higher prices in other areas of the energy complex.

Oil prices continued to rally today, with Brent reaching a 7 year high after OPEC+ confirmed they would stick to current production outputs schedules

Oil prices steadied as China announced their intention to buy more oil and energy supplies to offset their growing demand.

The market being pressured by the continued build up in inventory but also the strength of the use dollar which hit a one year high against a basket of other major currencies.

Oil prices declined today after the American Petroleum Institute (API) reported a surprise build in crude inventories

Oil prices continued their rise today, along with financial markets as sentiment is beginning to shift again.

Oil prices rallied today, despite a larger than expected build in gasoline inventories that initially had prices trading lower.

It seems to be a very nervous trade today,” said Phil Flynn, senior analyst at Price Futures group in Chicago. “It’s a little bit of ongoing concerns about the potential impact of demand going forward.”