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 climbed on Wednesday as escalating attacks on energy infrastructure across the Middle East heightened concerns over prolonged supply disruptions. Brent crude settled at $107.38 per barrel, up nearly $4, or 3.8%, while U.S. West Texas Intermediate (WTI) crude settled at $96.32, up 11 cents, or 0.1%. Brent briefly traded near $110 and has now […]
Oil prices rose on Tuesday as renewed Iranian attacks on energy infrastructure in the Middle East reignited supply concerns and underscored the risk of prolonged disruptions from the ongoing conflict. Brent crude settled at $103.42 per barrel, up $3.21, or 3.2%, while U.S. West Texas Intermediate (WTI) crude settled at $96.21, up $2.71, or 2.9%. […]
Oil prices fell on Monday as some vessels resumed transit through the Strait of Hormuz, easing immediate supply fears, although the waterway remains under heavy security risk amid the ongoing conflict. Brent crude settled at $100.21 per barrel, down $2.93, or 2.8%, while U.S. West Texas Intermediate (WTI) crude settled at $93.50, down $5.21, or […]
Oil prices moved higher on Friday as the Strait of Hormuz remained closed and supply disruptions across the Middle East continued to support the market, although analysts warned the weekend could bring unexpected developments in the conflict. Brent crude settled at $103.14 per barrel, up $2.68, or 2.67%, while U.S. West Texas Intermediate (WTI) crude […]
Oil prices surged on Thursday, settling at their highest levels in nearly four years, as Iran intensified attacks on oil and transportation infrastructure across the Middle East and vowed to keep the Strait of Hormuz closed. Brent crude settled at $100.46 per barrel, up $8.48, or 9.2%, while U.S. West Texas Intermediate (WTI) crude settled at […]
Oil prices rose on Wednesday as renewed attacks on vessels in the Strait of Hormuz heightened concerns over supply disruptions, while analysts said a proposed release of strategic reserves would likely be insufficient to offset the losses. Brent crude futures settled at $91.98 per barrel, up $4.18, or 4.8%, while U.S. West Texas Intermediate (WTI) […]
Oil prices plunged on Tuesday, posting their largest single-day percentage decline since March 2022 as markets reacted to signals that the conflict with Iran could ease and that oil supplies may continue reaching global markets. Brent crude futures settled at $87.80 per barrel, down $11.16, or 11%, while U.S. West Texas Intermediate (WTI) crude settled […]
Oil prices rose sharply on Monday as supply disruptions tied to the expanding U.S.–Israeli war with Iran and production cuts from Saudi Arabia and other OPEC producers tightened global markets. Brent crude futures settled at $98.96 per barrel, up $6.27, or 6.8%, while U.S. West Texas Intermediate (WTI) crude settled at $94.77, up $3.87, or 4.3%. […]
Oil prices surged on Friday, with U.S. crude futures rising more than 12% as buyers sought alternative supplies amid the effective closure of the Strait of Hormuz during the escalating U.S.–Israeli conflict with Iran. Brent crude futures settled at $92.69 per barrel, up $7.28, or 8.52%, while U.S. West Texas Intermediate (WTI) crude settled at […]
Brent crude settled $4.01 higher, or 4.93%, at $85.41 per barrel, marking its fifth consecutive session of gains. U.S. West Texas Intermediate crude rose $6.35, or 8.51%, to $81.01. The rally comes as shipping through the Strait of Hormuz has effectively stalled, raising concerns that prolonged disruptions could force producers across the region to cut […]