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 slipped 2% on Tuesday, marking a third straight day of declines as traders weighed the impact of U.S. sanctions on Russia’s two largest oil producers and the likelihood of another OPEC+ output increase next month. Brent crude futures fell $1.22 (1.9%) to $64.40 a barrel, while U.S. West Texas Intermediate closed $1.16 (1.9%) […]
Oil prices settled slightly lower Monday as expectations for another OPEC+ production hike offset optimism surrounding potential progress in U.S.-China trade talks and renewed sanctions on Russian crude. Brent crude futures slipped 32 cents (0.5%) to $65.62 a barrel, while U.S. West Texas Intermediate fell 19 cents (0.3%) to $61.31. Both contracts briefly traded nearly 1% […]
Brent crude futures settled down 5 cents, or 0.1%, at $65.94 a barrel, while U.S. West Texas Intermediate (WTI) crude finished 29 cents, or 0.5%, lower at $61.50 a barrel. Both benchmarks ended the week more than 7% higher, their biggest weekly gain since mid-June. Earlier in the session, both contracts had extended Thursday’s 5% […]
Oil prices surged around 5% to a two-week high on Thursday after the United States imposed sanctions on major Russian oil producers Rosneft and Lukoil, raising fears of tighter global supply. Brent crude futures rose $3.40, or 5.4%, to settle at $65.99 a barrel, while U.S. West Texas Intermediate (WTI) crude climbed $3.29 or 5.6%, […]
Oil prices pushed higher for a second day on Wednesday, buoyed by growing U.S. energy consumption and hopes of progress for a U.S. trade deal with China and India. Brent crude futures rose $1.27 to $62.59 a barrel, while U.S. West Texas Intermediate crude futures climbed $1.26, to $58.50. U.S. crude oil, gasoline, and distillate […]
Oil prices settled higher on Tuesday, bouncing off the previous session’s five-month lows, as investors reassessed expectations of a looming glut and sought clarity on the trade dispute between the U.S. and China, the world’s two biggest oil consumers. Brent crude futures rose 31 cents, or 0.5%, to settle at $61.32 a barrel, while U.S. West […]
Oil prices settled at their lowest since early May on Monday as oversupply concerns deepened and renewed U.S.–China trade tensions raised fears of slowing global demand. Brent crude futures fell 28¢ (-0.46%) to $61.01 per barrel, while U.S. West Texas Intermediate (WTI) eased 2¢ (-0.03%) to $57.52 — both benchmarks closing at their weakest levels […]
Oil prices posted small gains Friday but ended the week sharply lower, down nearly 3%, as expectations for an oversupplied market outweighed easing geopolitical tensions. Brent crude futures settled 23¢ higher (+0.38%) at $61.29 a barrel, while U.S. West Texas Intermediate (WTI) futures edged up 8¢ (+0.14%) to $57.54. For the week, Brent fell 8.1%, […]
Oil prices were steady Thursday as traders weighed the potential impact of India halting imports of Russian oil — a move that could reshape global flows and tighten supply — against fresh U.S. inventory builds. Brent crude futures settled 85 cents, or 1.37%, lower at $61.06 a barrel. U.S. West Texas Intermediate futures closed 81 […]
Oil prices slipped again Wednesday, hitting five-month lows, as rising U.S.–China trade friction and IEA warnings of a looming surplus in 2026 weighed on the market. Brent crude fell 48¢ (−0.8%) to $61.91, its lowest settlement since May 7. WTI dropped 43¢ (−0.7%) to $58.27, also marking its weakest close since early May. The International […]