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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Brent crude rose 75 cents (1.14%) to settle at $66.60, while U.S. West Texas Intermediate (WTI) gained 62 cents (0.99%) to finish at $63.42. The move followed last week’s losses, with Brent down 1.1% and WTI off 1.7%. President Donald Trump met Ukrainian President Volodymyr Zelenskiy in Washington, days after inconclusive talks with Russian President […]
Brent crude settled at $65.85, down 99 cents (−1.5%), while U.S. West Texas Intermediate (WTI) closed at $62.80, a drop of $1.16 (−1.8%). For the week, Brent slipped 1.1% and WTI lost 1.7%. President Donald Trump arrived in Alaska for his meeting with Russian President Vladimir Putin, saying he wants to see a Ukraine ceasefire […]
Brent crude rose $1.21 (1.8%) to settle at $66.84, while U.S. West Texas Intermediate (WTI) gained $1.31 (2.1%) to close at $63.96. The rally lifted both benchmarks out of technically oversold territory for the first time in three sessions and marked Brent’s highest close since August 6. The gains came after President Donald Trump warned […]
Oil prices extended their decline on Thursday, hitting multi-week lows before paring losses into the close, as supply concerns and geopolitical uncertainty continued to weigh on sentiment. Brent crude settled at $65.63, down 49 cents (−0.7%), after touching an intraday low of $65.01 — its weakest level since June 6. U.S. West Texas Intermediate (WTI) […]
Brent crude settled at $66.12, down 51 cents (−0.77%), while U.S. West Texas Intermediate (WTI) closed at $63.17, down 79 cents (−1.24%). Analysts said the decline was largely seasonal, with fading diesel consumption — a key driver of recent demand — adding to the softer tone. John Kilduff of Again Capital noted that the market […]
Brent crude settled at $66.63, up 4 cents (0.06%), while U.S. West Texas Intermediate (WTI) closed at $63.96, gaining 8 cents (0.13%). The modest moves come after both benchmarks fell more than 4% last week. Market focus is squarely on the scheduled August 15 meeting in Alaska between President Donald Trump and Russian President Vladimir […]
Brent crude settled at $66.59, up 16 cents, or 0.2%, while U.S. West Texas Intermediate (WTI) closed flat at $63.88. For the week, Brent fell 4.4%, while WTI posted a 5.1% decline from last Friday’s close. The market remains focused on geopolitical developments after reports emerged that the U.S. and Russia are actively negotiating terms […]
Oil prices fell for a sixth straight session on Thursday, as hopes for a diplomatic breakthrough between the U.S. and Russia continued to weigh on market sentiment. Brent crude settled at $66.43, down 46 cents, or 0.7%, while U.S. West Texas Intermediate (WTI) closed at $63.88, a drop of 47 cents, or 0.7%. The decline […]
Brent crude settled at $66.89, down 75 cents, or 1.1%, while U.S. West Texas Intermediate (WTI) fell 81 cents, or 1.2%, to close at $64.35. Both contracts marked their fifth consecutive daily loss, with Brent notching its weakest close since June 10 and WTI its lowest since June 5. The market’s tone was shaped by […]
Brent crude settled at $67.64, down $1.12 (−1.63%), while U.S. West Texas Intermediate (WTI) closed at $65.16, falling $1.13 (−1.7%). Both benchmarks marked their lowest closes in five weeks. The pressure on prices follows OPEC+’s decision to raise production by 547,000 barrels per day in September, the latest step in reversing its earlier output cuts. […]