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.
For additional insights into commodity markets or inquiries regarding RIN data, please contact PFL Petroleum at 239-390-2885.
Oil prices rose on Thursday as new U.S. sanctions targeting Iran, including Chinese “teapot” refiners and vessels supplying Iranian crude, heightened geopolitical tensions. Brent crude settled up $1.22 (1.72%) at $72, while WTI’s April contract expired at $68.26, up $1.10 (1.64%). The more actively traded May WTI contract rose $1.16 (1.73%) to $68.07. OPEC+ released […]
Oil prices edged up on Wednesday after U.S. government data showed a draw in fuel inventories, though gains were capped by the Federal Reserve’s decision to hold interest rates steady. Brent crude settled up 22 cents (0.31%) at $70.78, while WTI rose 26 cents (0.39%) to $67.16. U.S. crude stocks rose by 1.7 million barrels […]
Oil prices eased about 1% on Tuesday as U.S. President Trump and Russian President Putin discussed a potential ceasefire in Ukraine, agreeing to a 30-day halt on attacks targeting each other’s energy infrastructure. Brent crude settled down 51 cents (0.7%) at $70.56, while WTI fell 68 cents (1.0%) to $66.90. While the possibility of eased […]
Oil prices rose slightly on Monday as geopolitical tensions and positive Chinese economic data supported market sentiment. Brent crude settled up 49 cents (0.7%) at $71.07, while WTI gained 40 cents (0.6%) to $67.58. The U.S. expanded military operations in the Middle East, vowing to continue strikes against Yemen’s Houthi rebels until their attacks on […]
Oil prices rebounded by 1% on Friday, closing the week nearly unchanged as investors weighed diminishing prospects for a quick Ukraine war resolution that could ease sanctions on Russian oil. Brent settled up 70 cents (1%) at $70.58, while WTI rose 63 cents (1%) to $67.18. This followed Thursday’s 1.5% and 1.7% declines, respectively. Both […]
Oil prices fell over 1% on Thursday as concerns over tariff wars and uncertainty surrounding a U.S. proposal for a Russia-Ukraine ceasefire weighed on the market. Brent settled down $1.07 (1.5%) at $69.88, while WTI dropped $1.13 (1.7%) to $66.55. The International Energy Agency (IEA) revised its 2025 oil demand growth forecast down by 70,000 […]
Oil prices rose 2% on Wednesday as U.S. government data showed smaller-than-expected crude inventory builds and larger-than-expected fuel draws, indicating stronger demand. Brent settled up $1.39 (2%) at $70.95, while WTI gained $1.43 (2.2%) to $67.68. U.S. crude stockpiles increased by 1.4 million barrels, lower than the 2-million-barrel rise expected. Meanwhile, gasoline inventories fell by […]
Oil prices edged higher on Tuesday, supported by a weaker dollar but capped by concerns over a U.S. economic slowdown and tariffs. Brent settled up $0.28 (0.4%) at $69.56, while WTI gained $0.22 (0.3%) to $66.25. Both had fallen 1.5% in the previous session. A weaker U.S. dollar made oil cheaper for foreign buyers, but […]
Oil prices fell 1% on Monday as concerns grew that U.S. tariffs on Canada, Mexico, and China could slow global economic growth and weaken energy demand, while OPEC+ prepares to increase supply. Brent crude settled down $1.08 (1.5%) at $69.28, and WTI dropped $1.01 (1.5%) to $66.03. WTI posted its seventh consecutive weekly decline, the […]
Oil prices rose on Friday but retreated from session highs after U.S. President Donald Trump threatened sanctions on Russia over its continued military actions in Ukraine. Brent crude settled up $1.10 (1.58%) at $70.56, while WTI gained $1.06 (1.6%) to close at $67.42. Both benchmarks had hit intraday highs of $71.40 and $68.22, respectively, before […]