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 plunged on Wednesday, falling below $100 per barrel, as markets reacted to a temporary ceasefire agreement between the U.S. and Iran that raised expectations for a potential reopening of the Strait of Hormuz. Brent crude dropped $14.52, or 13.3%, to settle at $94.75 per barrel, while U.S. West Texas Intermediate (WTI) fell $18.54, […]
U.S. WTI crude futures settled 54 cents higher at $112.95 per barrel after earlier climbing above $117, while Brent crude edged down 50 cents to $109.27. Price action continues to be driven by disruptions linked to the Strait of Hormuz, which remains largely closed.. Geopolitical risks remain elevated, with continued escalation in infrastructure attacks across […]
Oil prices edged higher in choppy trading on Monday, as escalating rhetoric between the U.S. and Iran offset ongoing indirect talks that could potentially lead to a de-escalation in hostilities. Brent crude settled at $109.77 per barrel, up 74 cents, or 0.7%, while U.S. West Texas Intermediate (WTI) rose 87 cents, or 0.8%, to $112.40. Price […]
Oil prices surged on Thursday in highly volatile trading, as renewed concerns over prolonged supply disruptions followed signals that U.S. military operations against Iran would intensify. Brent crude rose $7.87, or 7.8%, to settle at $109.03 per barrel, while U.S. West Texas Intermediate (WTI) jumped $11.42, or 11.4%, to $111.54—marking its largest absolute daily gain […]
Oil prices moved lower on Wednesday, extending recent losses after signals from the U.S. administration pointed toward a potentially shorter timeline for the conflict with Iran. Front-month Brent for June fell $2.91, or 2.8%, to $101.06 per barrel after touching an intraday low of $98.35. U.S. West Texas Intermediate (WTI) for May declined $1.96, or […]
Brent crude futures declined sharply on Tuesday, with the June contract falling more than $3 amid unconfirmed reports that Iran may be open to ending the conflict if certain conditions are met. The more actively traded June Brent contract settled down $3.42 at $103.97 per barrel, reversing earlier strength following headlines suggesting potential de-escalation. Meanwhile, […]
Oil prices closed higher on Monday, with Brent on track for a record monthly gain and U.S. crude futures settling above $100 per barrel for the first time since 2022, as escalating tensions in the Middle East added fresh supply risk. Brent crude edged up 21 cents, or 0.2%, to settle at $112.78 per barrel after […]
Oil prices moved higher on Friday, extending weekly gains as skepticism persists around the likelihood of a near-term ceasefire in the month-long Iran conflict. Brent crude rose $4.56, or 4.2%, to settle at $112.57 per barrel, while U.S. West Texas Intermediate (WTI) gained $5.16, or 5.5%, to close at $99.64. Since late February—just ahead of […]
Crude futures closed higher on Thursday, rebounding from the previous session’s losses, as hopes for a swift end to the war in the Middle East faded. Brent futures rose $5.79, or 5.7%, to settle at $108.01 per barrel on Thursday, while U.S. West Texas Intermediate crude futures gained $4.16, or 4.6%, to close at $94.48 […]
Oil prices declined on Wednesday, settling lower after paring steeper intraday losses, as markets reacted to ongoing diplomatic developments surrounding the conflict in the Persian Gulf. Brent crude settled at $102.22 per barrel, down $2.27 or 2.2%, while U.S. West Texas Intermediate (WTI) crude settled at $90.32 per barrel, down $2.03 or 2.2%. Earlier in the […]