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 fell on Friday as the U.S. unveiled new Iran-related sanctions, signaling a diplomatic tack that calmed fears of an imminent escalation in the Israel-Iran conflict. Brent crude settled down $1.84, or 2.33%, at $77.01 a barrel, while U.S. West Texas Intermediate crude for July dropped 21 cents, or 0.28%, to $74.93. The more […]
Oil prices ended higher Wednesday in a choppy session, as traders weighed geopolitical tensions between Iran and Israel and the possibility of direct U.S. involvement in the conflict. Brent crude settled at $76.70 a barrel, up 25 cents, while U.S. West Texas Intermediate (WTI) rose 30 cents to finish at $75.14. Prices had fallen as […]
Oil prices jumped over 4% on Tuesday as the conflict between Iran and Israel escalated, stoking fears of disruption in the Middle East. Brent crude settled at $76.45 a barrel, up $3.22 or 4.40%, while WTI closed at $74.84, gaining $3.07 or 4.28%. Though no major oil flows have been interrupted, Iran partially shut down […]
Oil prices fell Monday, slipping from last week’s surge as reports emerged that Iran is seeking a truce with Israel. The news eased concerns about a major supply disruption in the Middle East. Brent crude settled at $73.23 a barrel, down $1.00 or 1.35%, while U.S. West Texas Intermediate crude closed at $71.77, down $1.21 […]
Oil prices surged Friday, settling more than 7% higher after Israel and Iran exchanged air strikes, intensifying fears that broader conflict could disrupt Middle East oil exports. Brent crude settled at $74.23 a barrel, up $4.87 or 7.02%, after earlier jumping over 13% to $78.50—the highest since January 27. U.S. West Texas Intermediate crude ended […]
Oil prices pulled back modestly on Thursday as traders weighed whether the previous day’s sharp rally had already priced in the rising geopolitical risks in the Middle East. Brent crude futures settled down 41 cents, or 0.6%, at $69.36 a barrel. U.S. West Texas Intermediate crude fell 11 cents, or 0.2%, to settle at $67.97 […]
Oil prices rose sharply on Wednesday, climbing more than 4% to their highest levels in over two months, driven by escalating geopolitical tensions in the Middle East and a bullish U.S. inventory report. Brent crude settled at $69.77 a barrel, up $2.90 or 4.34%, while U.S. West Texas Intermediate crude gained $3.17, or 4.88%, to […]
Oil prices hovered near recent highs on Tuesday as traders closely monitored ongoing trade negotiations between the United States and China—talks seen as critical to global economic momentum and future oil demand. Brent crude edged down 17 cents to settle at $66.87 a barrel, while U.S. West Texas Intermediate (WTI) slipped 31 cents to $64.98. […]
Oil prices climbed to multi-week highs on Monday, supported by a weaker U.S. dollar and optimism surrounding U.S.-China trade talks in London. Brent crude settled up 57 cents at $67.04 a barrel, reaching its highest level since April 28, while U.S. West Texas Intermediate (WTI) rose 71 cents to $65.29, its highest since early April. […]
Oil prices rose more than $1 a barrel on Friday and were on track for their first weekly gain in three weeks, buoyed by a solid U.S. jobs report and renewed trade talks between Presidents Trump and Xi. Brent crude climbed 1.96% to $66.62, while U.S. West Texas Intermediate rose 2.11% to $64.71. The U.S. […]