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.
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
Crude Oil Imports into China jumped up 13% from April to a near record high of 11.11 million BDP.
Crude stocks were down
.07MM/bbls, compared to a forecasted build of 3.039MM/bbls.
Oil futures traded down today as protesters flooded streets across the US and the world. China contention is also causing negative pressure on pricing
Crude oil prices rose midday, erasing earlier losses on signs of rising gasoline demand and improving refinery runs.
Oil prices fell today as President Trump is looking to increase pressure on China.