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 closed about 1% higher on Wednesday as traders focused on U.S. President Donald Trump’s tightened timeline for Russia to end the war in Ukraine and new tariff threats targeting countries that trade Russian oil. Brent crude for September delivery, set to expire Thursday, rose 73 cents (1.01%) to settle at $73.24. The more […]
Oil prices surged over 3% on Tuesday, marking their highest levels since June 20, as geopolitical tensions escalated and optimism grew around easing global trade conflicts. Brent crude rose $2.47, or 3.53%, to settle at $72.51 per barrel, while U.S. West Texas Intermediate (WTI) climbed $2.50, or 3.75%, to close at $69.21. The rally followed […]
Oil prices rallied sharply on Monday, climbing over 2% as global markets reacted positively to news of a trade agreement between the United States and the European Union, along with President Donald Trump’s unexpected decision to shorten the timeline for Russia to end its war in Ukraine. Brent crude rose $1.60, or 2.3%, to settle […]
Oil prices declined on Friday, settling at a three-week low as weak economic data from the U.S. and China and signs of expanding supply weighed on market sentiment. Brent crude settled at $68.44 a barrel, down 74 cents, or 1.1%, while U.S. West Texas Intermediate (WTI) dropped 87 cents, or 1.3%, to $65.16. For the […]
Oil prices edged higher on Thursday before paring gains in the afternoon after news broke that the Trump administration may permit Chevron to resume operations in Venezuela. Brent crude settled up 26 cents at $68.77 a barrel, while U.S. West Texas Intermediate (WTI) crude climbed 44 cents to $65.69. Earlier in the day, both benchmarks […]
Oil prices held steady on Wednesday as markets weighed a modest U.S.-Japan trade agreement against ongoing uncertainties in U.S.-EU and U.S.-China negotiations. Brent crude dipped 8 cents, or 0.12%, to settle at $68.51 a barrel, while U.S. West Texas Intermediate (WTI) fell 6 cents, or 0.09%, to $65.25. U.S. President Donald Trump announced a trade […]
Oil prices fell for a third straight session on Tuesday as fading hopes for a U.S.-EU trade deal heightened fears of a global economic slowdown. Brent crude dropped 82 cents, or 1.2%, to settle at $68.39 a barrel, while U.S. West Texas Intermediate (WTI) crude for August delivery fell $1.05, or 1.6%, to $66.15. The […]
Oil prices settled slightly lower on Monday as markets viewed the latest European sanctions on Russian oil as unlikely to significantly disrupt global supply. Brent crude fell 7 cents, or 0.1%, to $69.21 a barrel, while U.S. West Texas Intermediate declined 14 cents, or 0.2%, to $67.20. The European Union’s 18th sanctions package targeted India’s […]
Crude oil futures were little changed on Friday as markets balanced mixed U.S. economic signals with concerns over supply disruptions stemming from new European sanctions on Russia. Brent crude settled at $69.28 a barrel, down 24 cents or 0.3%, while U.S. West Texas Intermediate (WTI) slipped 20 cents, also 0.3%, to end at $67.34. Both […]
Oil prices rose sharply on Thursday as geopolitical tensions flared following a fourth day of drone attacks on oilfields in Iraq’s Kurdistan region, highlighting the fragility of supply from the Middle East. Brent crude settled at $69.52 per barrel, gaining $1.00 or 1.46%, while U.S. West Texas Intermediate (WTI) climbed $1.16, or 1.75%, to settle […]