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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Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
U.S. employment growth rebounded moderately in January and job losses in the prior month were deeper than initially thought, underscoring what some say is an urgent need for additional relief money from the government.
The dollar is at 2 month highs, now well above the 50 day moving average (and everybody has been pricing assets according to the dollar going lower) but speculative
There will be no market commentary for February 3rd, 2021. Click here if viewing from mobile
Oil prices jumped today to fresh new highs (post pandemic) as OPEC production increases were less than expected.
Oil prices were relatively quiet today as not much major market moving news out there.
The draw was a big relief for inventories, especially as it followed a week of builds, putting traders at ease that supply doesn’t overwhelm demand for the time being
The market was led up by a significant draw in crude oil as the refining industry continues to turn the crude oil surplus into refined products
Oil prices eased today as geopolitical tensions are rising as two supertankers were seized in Indonesian waters for suspected illegal oil transfers.
Oil prices were flat today as the impressive rally over the last few months begins to steady. Concerns are rising about a sustained recovery in global fuel demand especially as cases are on the rise in Europe and China.