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 moved higher Tuesday as renewed geopolitical tensions in the Middle East raised concerns over crude supplies and tanker traffic. The gains accelerated after the close following the U.S. decision to revoke the general license that had temporarily allowed sales of Iranian crude oil. Brent crude settled at $74.16 per barrel, up $2.17 (3.01%), […]
Oil prices were little changed on Monday, with Brent crude slipping 0.2% to settle at $71.99 per barrel and WTI easing 0.2% to $68.55 per barrel, as markets weighed improving global supply against ongoing uncertainty surrounding U.S.-Iran negotiations. Crude prices remain near pre-conflict levels as exports through the Strait of Hormuz continue to recover, allowing […]
Oil prices posted modest gains on Thursday, with Brent crude rising 0.3% to settle at $71.80 per barrel and WTI adding 0.2% to $68.69 per barrel, as traders covered short positions and secured supplies ahead of the U.S. Independence Day holiday weekend. Market sentiment remained centered on the gradual normalization of oil flows through the […]
Oil prices declined on Wednesday, with Brent crude falling 1.9% to settle at $71.57 per barrel and WTI dropping 1.3% to $68.58 per barrel, as optimism surrounding U.S.-Iran negotiations continued to ease concerns over global supply disruptions. Markets reacted positively after President Trump said recent talks in Qatar had gone well, reinforcing expectations that both […]
Oil prices were little changed on Tuesday, with Brent crude slipping 0.3% to settle at $72.92 per barrel and WTI falling 1.8% to $69.50 per barrel, as markets balanced expectations for continued U.S.-Iran negotiations against improving global supply conditions. Crude prices remained near their pre-conflict levels from late February, reflecting the continued unwinding of the […]
Oil prices moved higher on Monday, with Brent crude rising 1.6% to settle at $73.15 per barrel and WTI gaining 2.2% to $70.75 per barrel, as renewed military exchanges between the U.S. and Iran highlighted the fragility of the interim peace agreement while continued improvements in oil shipments through the Strait of Hormuz limited further […]
Oil prices fell sharply on Friday, with Brent crude declining 4.3% to $71.99 per barrel and WTI dropping 3.7% to $69.23 per barrel, as improving oil flows through the Strait of Hormuz continued to ease supply concerns and reinforce expectations of a more balanced global market. For the week, Brent lost 10.9% while WTI declined […]
Oil prices rebounded on Thursday, with Brent crude rising 2.1% to settle at $75.26 per barrel and WTI increasing 2.3% to $71.92 per barrel, after concerns emerged that the recovery of Middle East oil flows may take longer than previously expected. The gains followed reports that a cargo vessel near the Strait of Hormuz was […]
Brent crude settled at $73.74 per barrel, down $3.34 (-4.3%), while West Texas Intermediate (WTI) crude settled at $70.34 per barrel, down $2.87 (-3.9%). During the session, Brent touched its lowest level since February 27, while WTI briefly traded below $70 per barrel for the first time since early March. Market sentiment was driven by […]
Brent crude settled at $77.08 per barrel, down $0.82 (-1.1%), while West Texas Intermediate (WTI) crude settled at $73.21 per barrel, down $0.65 (-0.9%). Both benchmarks touched their lowest levels in nearly four months during the trading session. Prices have trended lower since the United States granted Iran a 60-day sanctions waiver and negotiations advanced […]