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 rose on Thursday, rebounding from the previous day’s losses after U.S. President Donald Trump and Chinese President Xi Jinping agreed to resume trade talks. Brent crude settled up 48 cents at $65.34 a barrel, while U.S. West Texas Intermediate gained 52 cents to $63.37. The renewed dialogue boosted market sentiment, with analysts suggesting […]
Oil prices fell just over 1% on Wednesday after U.S. data showed a sharp increase in gasoline and diesel inventories, raising concerns about weakening demand. Brent crude settled down 77 cents at $64.86 a barrel, while U.S. West Texas Intermediate dropped 56 cents to $62.85. According to the Energy Information Administration, gasoline stocks surged by […]
Oil prices rose about 2% on Tuesday, reaching a two-week high, as persistent geopolitical tensions signaled that sanctions on Russia and Iran are unlikely to ease soon. Brent crude futures climbed $1, or 1.5%, to $65.63 a barrel by mid-morning, while U.S. West Texas Intermediate (WTI) gained $0.89, or 1.4%, to $63.41. Analysts attributed the […]
Oil prices surged nearly 3% on Monday, driven by concerns over supply disruptions from Canadian wildfires, a weakening U.S. dollar, and ongoing geopolitical tensions, despite OPEC+ sticking to its planned output increase. Brent crude futures rose by $1.85, or 2.95%, to settle at $64.63 a barrel, while U.S. West Texas Intermediate (WTI) crude gained $1.73, […]
Oil prices fell sharply on Friday, with U.S. crude dropping more than $1 during the day, as investors anticipated that OPEC+ would agree to a larger-than-expected production increase for July. Brent crude futures settled down 25 cents, or 0.39%, at $63.90 a barrel. U.S. West Texas Intermediate (WTI) crude finished down 15 cents, or 0.25%, […]
Brent crude fell 75 cents, or 1.2%, to settle at $64.15 a barrel, while U.S. West Texas Intermediate (WTI) dropped 90 cents, or 1.5%, to close at $60.94. Prices initially rose after a U.S. court ruled that President Trump exceeded his authority with sweeping tariffs, but optimism faded as administration officials downplayed the ruling’s impact […]
Oil prices rose more than 1% on Wednesday as supply concerns mounted following an OPEC+ decision to maintain its current output policy and after the U.S. barred Chevron from exporting Venezuelan crude. Brent crude settled at $64.90 a barrel, up 81 cents or 1.26%, while U.S. West Texas Intermediate (WTI) climbed 95 cents, or 1.56%, […]
Oil prices fell by about 1% on Tuesday as traders weighed signs of progress in U.S.-Iran nuclear talks and anticipated further production increases from OPEC+, raising concerns of a potential oversupply. Brent crude settled at $64.09 a barrel, down 65 cents or 1%, while U.S. West Texas Intermediate (WTI) crude dropped 64 cents, or 1.04%, […]
Oil prices rose on Friday as U.S. traders covered short positions ahead of the Memorial Day weekend, while concerns over stalled nuclear negotiations between the U.S. and Iran added to supply uncertainty. Brent crude settled at $64.78 per barrel, up 34 cents or 0.54%, while U.S. West Texas Intermediate (WTI) gained 33 cents, also 0.54%, […]
Oil prices fell Thursday as market sentiment turned bearish on news that OPEC+ may raise output in July, fueling worries that supply could exceed demand. Brent crude dropped 47 cents, or 0.72%, to settle at $64.44 per barrel, while U.S. West Texas Intermediate closed 37 cents lower, down 0.6%, at $61.20. The decline followed a […]