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 rose today, touching fresh 11-month highs, likely on anticipation of increased stimulus under a Biden administration. The new administration would likely spend significant amounts of money
“We had a very substantial crude oil inventory draw helped by a second week of very robust crude oil exports as well as an increase in refinery utilization now exceeding 80 per cent,”
Oil railed today with both contracts eking out more than 4% gains on the day, as WTI broke $50 for the first time since Feb before slightly trading down.
Oil prices gained today with news of a possible increase to the stimulus bill supported by both President Trump and the House.
Oil prices gained today with news of a possible increase to the stimulus bill supported by both President Trump and the House.
After a momentary rally in oil, crude prices seemed to have deflated as investors ignored a broader surge
Oil prices moved higher today after the EIA reported an inventory draw of 600,000 barrels for the week to December 18th.
Oil prices fell today, adding to losses from yesterday’s session as specs get weeded out. Detection of a new variant of the virus is causing countries to restrict travel to the UK and