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 settled up $1.31, or 1.9%, at $71.66 a barrel, its highest close since late July. U.S. West Texas Intermediate rose $1.24, or 1.9%, to $66.43, the strongest finish since early August. The gains followed Wednesday’s more than 4% rally, as geopolitical risk continued to dominate market direction. Traders pointed to mounting military activity […]
Oil prices surged over 4% on Wednesday as geopolitical tensions re-intensified, with traders pricing in potential supply disruptions tied to U.S.–Iran friction and stalled Russia-Ukraine peace talks. Brent crude settled up $2.93, or 4.35%, at $70.35 a barrel, while U.S. West Texas Intermediate rose $2.86, or 4.59%, to $65.19. Both benchmarks posted their highest settlements […]
Oil prices fell about 2% on Tuesday to their lowest levels in roughly two weeks as signs of progress in U.S.–Iran nuclear talks eased fears of an immediate supply disruption. Brent crude settled down $1.23, or 1.8%, at $67.42 a barrel, while U.S. West Texas Intermediate declined 56 cents, or 0.9%, to $62.33. It was […]
Oil prices finished slightly higher on Friday after a broad slowdown in U.S. inflation helped offset concerns about rising supply and signs that OPEC+ members are considering stepping up production. Brent crude futures rose 23 cents, or about 0.3%, to $67.75 a barrel, while U.S. West Texas Intermediate edged up 5 cents, or 0.1%, to […]
Oil prices fell sharply on Thursday, reversing earlier gains as data and forecasts pointed to weaker demand and expectations of rising supply. Brent crude settled at $67.52 a barrel, down $1.88 or about 2.7%, while U.S. West Texas Intermediate finished at $62.84, down about $1.79 or 2.8%. The drop came after the International Energy Agency […]
Oil prices rose on Wednesday as investors weighed renewed geopolitical tension between the United States and Iran against a sharp increase in U.S. crude inventories. Brent crude futures settled up 60 cents, or 0.87%, at $69.40 per barrel. U.S. West Texas Intermediate crude gained 67 cents, or roughly 1.05%, to settle at $64.63. Prices found […]
Oil prices were little changed on Tuesday as traders stayed sidelined, waiting for clearer signals from U.S.–Iran diplomacy, developments around Russia’s war in Ukraine, and upcoming U.S. economic and inventory data. Brent crude settled down 24 cents, or 0.3%, at $68.80 a barrel, while WTI fell 40 cents, or 0.6%, to $63.96. Analysts said crude […]
Oil prices rose on Monday as renewed concerns over Middle East security injected fresh geopolitical risk into crude markets. Brent crude futures settled up 99 cents, or 1.5%, at $69.04 a barrel, while U.S. West Texas Intermediate gained 81 cents, or 1.3%, to $64.36. The move followed a U.S. Department of Transportation advisory urging U.S.-flagged […]
Oil prices finished the week higher on Friday after reversing earlier losses, as markets remained uneasy that U.S.–Iran talks had failed to materially reduce the risk of military escalation. Brent settled up 50 cents, or 0.7%, at $68.05 per barrel, while WTI gained 26 cents, or 0.4%, to $63.55. The late-week rebound followed a sharp […]
Oil prices fell nearly 3% on Thursday in volatile trading after the United States and Iran agreed to hold talks in Oman on Friday, easing near-term fears over potential disruptions to Iranian crude supplies. Brent crude futures settled $1.91, or 2.75%, lower at $67.55 a barrel, while U.S. West Texas Intermediate declined $1.85, or 2.84%, […]