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.
For additional insights into commodity markets or inquiries regarding RIN data, please contact PFL Petroleum at 239-390-2885.
Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices rose today as OPEC+ compliance with production cuts continue to improve. However, today’s OPEC panel discussion is unlikely to recommend extending production cuts past August, according to sources.
US crude inventories grew to a record level for a second straight week as prices were down slightly but mostly flat for the day. US crude oil inventories grew by 1.22MM/bpd (compared to a forecasted build of 784K/bbls) to 539.3 MM/bbls.
Oil prices jumped today on improving demand as Brent crude traded back over the $40/bbl mark.
Oil just had its work week since April, snapping a six week winning streak while trading mostly flat for the day.
Crude oil prices tanked today as fears of a second wave of the virus rocked nearly every financial market. Certain states, particularly in the West/South, are near or at record high numbers for new cases in a 7 day period
Oil prices rose today, recovering losses from earlier in the session even as EIA data showed a build in crude oil stocks.
Oil prices increased slightly today after yesterday’s drop. Goldman Sachs is calling for a 15-20% reduction in price which they say may already be underway after yesterday’s selloff.
Oil prices came off today despite weekend news of the OPEC+ extension that extended the historic 9.6MM/bpd cuts through July.
Oil prices rose today after an unexpected fall in the May US Jobless rate boosted financial markets across a variety of sectors