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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Brent crude settled at $68.05, up 83 cents (1.2%), while West Texas Intermediate (WTI) gained 90 cents (1.4%) to close at $64.15. Both contracts had fallen more than 2% on Tuesday. The EIA reported a 2.4 million-barrel decline in U.S. crude stocks last week, larger than the forecast draw of 1.9 million barrels. Gasoline inventories […]
Brent crude settled at $67.22, down $1.58 (−2.3%), while U.S. West Texas Intermediate (WTI) closed at $63.25, off $1.55 (−2.4%). The drop came a day after Brent hit its highest level since early August on supply risk concerns. Analysts said sentiment remains fragile given the mix of geopolitical and trade uncertainty. “With the Ukrainian conflict […]
Brent crude settled at $68.80, up $1.07 (1.58%), while West Texas Intermediate (WTI) closed at $64.80, up $1.14 (1.79%). President Donald Trump reiterated Friday that Russia faces sanctions if peace talks fail to show progress within two weeks, while also threatening steep tariffs on India for its Russian oil purchases. Over the weekend, Vice President […]
Brent crude settled at $67.73, up 6 cents (0.09%), while U.S. West Texas Intermediate (WTI) closed at $63.66, up 14 cents (0.22%). For the week, Brent gained 2.9% and WTI rose 1.4%. Markets remain focused on the stalled peace process between Russia and Ukraine. President Donald Trump has sought to arrange a summit between Vladimir […]
Brent crude settled at $67.67, up 83 cents (1.2%), while U.S. West Texas Intermediate (WTI) gained 81 cents (1.3%) to close at $63.52. Both benchmarks had already advanced more than 1% in the prior session. Markets turned cautious as Moscow and Kyiv traded blame for stalled negotiations. Russia launched a major air assault near Ukraine’s […]
Brent crude settled at $66.84, up $1.05 (1.6%), while U.S. West Texas Intermediate (WTI) rose 86 cents (1.4%) to close at $63.21. The gains came a day after WTI closed at its lowest since May 30 on optimism that sanctions on Russia could ease if negotiations advance. The EIA reported a 6 million barrel decline […]
Brent crude settled at $65.79, down 81 cents (−1.22%), while U.S. West Texas Intermediate (WTI) for September delivery — set to expire Wednesday — closed at $62.35, a drop of $1.07 (−1.69%). The weakness reflected growing bets that diplomatic progress could ease restrictions on Moscow’s exports. President Donald Trump said he had spoken with Russian […]
Brent crude rose 75 cents (1.14%) to settle at $66.60, while U.S. West Texas Intermediate (WTI) gained 62 cents (0.99%) to finish at $63.42. The move followed last week’s losses, with Brent down 1.1% and WTI off 1.7%. President Donald Trump met Ukrainian President Volodymyr Zelenskiy in Washington, days after inconclusive talks with Russian President […]
Brent crude settled at $65.85, down 99 cents (−1.5%), while U.S. West Texas Intermediate (WTI) closed at $62.80, a drop of $1.16 (−1.8%). For the week, Brent slipped 1.1% and WTI lost 1.7%. President Donald Trump arrived in Alaska for his meeting with Russian President Vladimir Putin, saying he wants to see a Ukraine ceasefire […]
Brent crude rose $1.21 (1.8%) to settle at $66.84, while U.S. West Texas Intermediate (WTI) gained $1.31 (2.1%) to close at $63.96. The rally lifted both benchmarks out of technically oversold territory for the first time in three sessions and marked Brent’s highest close since August 6. The gains came after President Donald Trump warned […]