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 edged lower on Tuesday as a stronger U.S. dollar and weaker global manufacturing data renewed concerns over energy demand. Traders also weighed OPEC+’s latest production plans and the impact of ongoing U.S. sanctions on Russian oil exports. Brent crude fell 45 cents, or 0.7%, to $64.44 a barrel, while U.S. West Texas Intermediate […]
Oil prices held steady Monday as traders weighed OPEC+’s latest output increase against plans to pause production hikes early next year, while weak factory data in Asia renewed concerns about slowing demand. Brent crude settled at $64.89 a barrel, up $0.12 (0.2%), and U.S. West Texas Intermediate closed at $61.05, up $0.07 (0.1%). OPEC+ members […]
Oil prices ended slightly higher on Friday after a volatile session, rallying on reports of potential U.S. air strikes on Venezuela. Brent crude settled at $65.07 a barrel, up $0.07 (0.11%), while U.S. West Texas Intermediate closed at $60.98, up $0.41 (0.68%). Prices initially spiked after several outlets reported that U.S. military operations against Venezuela […]
Oil prices held near even on Thursday as traders weighed progress in U.S.-China trade talks against concerns of continued oversupply. Brent crude rose $0.08 (0.1%) to $65.00 a barrel, while U.S. West Texas Intermediate gained $0.09 (0.1%) to $60.57. President Trump announced a one-year trade agreement with Chinese President Xi Jinping following their meeting in […]
Oil prices rose on Wednesday after U.S. data showed a larger-than-expected draw in crude and fuel inventories, while optimism around trade talks between Presidents Trump and Xi helped lift broader market sentiment. Brent crude gained $0.52(0.8%) to $64.92 a barrel, while U.S. West Texas Intermediate rose $0.33 (0.6%) to $60.48. The U.S. Energy Information Administration […]
Oil prices slipped 2% on Tuesday, marking a third straight day of declines as traders weighed the impact of U.S. sanctions on Russia’s two largest oil producers and the likelihood of another OPEC+ output increase next month. Brent crude futures fell $1.22 (1.9%) to $64.40 a barrel, while U.S. West Texas Intermediate closed $1.16 (1.9%) […]
Oil prices settled slightly lower Monday as expectations for another OPEC+ production hike offset optimism surrounding potential progress in U.S.-China trade talks and renewed sanctions on Russian crude. Brent crude futures slipped 32 cents (0.5%) to $65.62 a barrel, while U.S. West Texas Intermediate fell 19 cents (0.3%) to $61.31. Both contracts briefly traded nearly 1% […]
Brent crude futures settled down 5 cents, or 0.1%, at $65.94 a barrel, while U.S. West Texas Intermediate (WTI) crude finished 29 cents, or 0.5%, lower at $61.50 a barrel. Both benchmarks ended the week more than 7% higher, their biggest weekly gain since mid-June. Earlier in the session, both contracts had extended Thursday’s 5% […]
Oil prices surged around 5% to a two-week high on Thursday after the United States imposed sanctions on major Russian oil producers Rosneft and Lukoil, raising fears of tighter global supply. Brent crude futures rose $3.40, or 5.4%, to settle at $65.99 a barrel, while U.S. West Texas Intermediate (WTI) crude climbed $3.29 or 5.6%, […]
Oil prices pushed higher for a second day on Wednesday, buoyed by growing U.S. energy consumption and hopes of progress for a U.S. trade deal with China and India. Brent crude futures rose $1.27 to $62.59 a barrel, while U.S. West Texas Intermediate crude futures climbed $1.26, to $58.50. U.S. crude oil, gasoline, and distillate […]