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 nearly 2% on Monday as signs of robust demand helped markets look past a larger-than-expected OPEC+ production increase for August and persistent concerns over U.S. tariff policy. Brent crude settled $1.28 higher at $69.58 a barrel, up 1.9%, while U.S. West Texas Intermediate (WTI) crude rose 93 cents, or 1.4%, to $67.93. […]
Oil prices eased slightly on Thursday as traders weighed the risk of slower global energy demand stemming from tariff uncertainty, just ahead of a widely anticipated supply boost from OPEC+ producers. Brent crude settled down 31 cents, or 0.45%, at $68.80 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped 45 cents, or 0.67%, […]
Oil prices climbed 3% on Wednesday as geopolitical tensions and fresh trade developments supported a rebound, though gains were capped by an unexpected rise in U.S. crude inventories. Brent crude rose $2.00 to settle at $69.11 a barrel, while U.S. West Texas Intermediate (WTI) also gained $2.00 to end the session at $67.45. The upward […]
Oil prices rose modestly on Tuesday, supported by signs of strengthening global demand, while investors remained cautious ahead of an upcoming OPEC+ meeting. Brent crude settled up 37 cents, or 0.6%, at $67.11 a barrel, and U.S. West Texas Intermediate crude climbed 34 cents, or 0.5%, to close at $65.45. Optimism stemmed from a private-sector […]
Oil prices dipped slightly on Monday as the market digested easing geopolitical tensions in the Middle East and the prospect of an OPEC+ production increase in August. Brent crude futures settled at $67.61 a barrel, down 16 cents, or 0.2%, before expiring. The more active September contract ended lower at $66.74. U.S. West Texas Intermediate […]
Oil prices ended slightly higher on Friday, reversing midday losses triggered by reports of an upcoming OPEC+ production hike, but still notched a steep 12% drop for the week—the largest weekly decline since March 2023. Brent crude settled at $67.77 a barrel, up 4 cents, or 0.1%, while U.S. West Texas Intermediate (WTI) rose 28 […]
Oil prices inched higher on Thursday, supported by tightening U.S. crude inventories and rising demand from the summer driving season, though gains were capped by easing fears of supply disruptions from the Middle East. Brent crude settled up just 5 cents, or 0.07%, at $67.73 a barrel, while U.S. West Texas Intermediate (WTI) crude rose […]
Oil prices rebounded nearly 1% on Wednesday as traders weighed strong U.S. demand signals against easing geopolitical tensions in the Middle East. Brent crude rose 54 cents, or 0.8%, to settle at $67.68 a barrel, while U.S. West Texas Intermediate (WTI) gained 55 cents, or 0.9%, to close at $64.92. The gains followed steep declines […]
Oil prices fell sharply on Tuesday, with Brent crude settling down $4.34, or 6.1%, at $67.14 a barrel and U.S. West Texas Intermediate (WTI) falling $4.14, or 6.0%, to $64.37. Both benchmarks hit their lowest closing levels in two weeks, as markets reacted to the announcement of a ceasefire between Israel and Iran, easing concerns […]
Oil prices plunged more than 7% on Monday, with Brent crude settling at $71.48 per barrel and U.S. West Texas Intermediate (WTI) closing at $68.51, both down $5.53, or 7.2%. The sharp decline came as Iran retaliated against U.S. airstrikes not by targeting oil infrastructure or disrupting the Strait of Hormuz, but by striking a […]