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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Brent crude settled at $65.50, down $1.49 (−2.22%), while U.S. West Texas Intermediate (WTI) closed at $61.87, down $1.61 (−2.54%). The selloff came amid a “perfect storm” of bearish signals, analysts said. U.S. payrolls increased by only 22,000 in August, far below forecasts for 75,000 and down sharply from July’s upwardly revised 79,000. The soft […]
Brent crude settled at $66.95, down 65 cents (−1.0%), while U.S. West Texas Intermediate (WTI) closed at $63.48, down 49 cents (−0.8%). It was Brent’s lowest close since August 20. The EIA reported a 2.4 million-barrel increase in U.S. crude inventories for the week ending August 29, compared with expectations for a 2.0 million-barrel draw. […]
Brent crude settled at $67.60, down $1.54 (−2.23%), while U.S. West Texas Intermediate (WTI) closed at $63.97, down $1.62 (−2.47%). The core eight OPEC+ members are considering another increase in October production quotas, potentially unwinding a second layer of cuts of 1.65 million barrels per day (1.6% of world demand) more than a year ahead […]
Brent crude settled at $69.14, up 99 cents (1.45%), while West Texas Intermediate (WTI) closed at $65.59, up $1.58 (2.47%). The U.S. Treasury sanctioned a shipping network accused of disguising Iranian crude as Iraqi oil, in a move analysts said reaffirmed Washington’s hard line on Tehran amid stalled nuclear talks. “The U.S. cracking down on […]
Brent crude for October delivery, which expired Friday, settled at $68.12, down 50 cents (−0.73%). The more active November contract closed at $67.45, down 53 cents (−0.78%). U.S. West Texas Intermediate (WTI) finished at $64.01, off 59 cents (−0.91%). Analysts said the market was already looking ahead to next week’s OPEC+ meeting, where members are […]
Brent crude settled at $68.53, up 48 cents (0.7%), while U.S. West Texas Intermediate (WTI) rose 42 cents (0.7%) to close at $64.57. Both benchmarks had been down about 1% earlier in the session before recovering on headlines out of Washington. Russia’s latest attacks killed at least 21 people in Kyiv, while Ukraine said it […]
Brent crude settled at $68.05, up 83 cents (1.2%), while West Texas Intermediate (WTI) gained 90 cents (1.4%) to close at $64.15. Both contracts had fallen more than 2% on Tuesday. The EIA reported a 2.4 million-barrel decline in U.S. crude stocks last week, larger than the forecast draw of 1.9 million barrels. Gasoline inventories […]
Brent crude settled at $67.22, down $1.58 (−2.3%), while U.S. West Texas Intermediate (WTI) closed at $63.25, off $1.55 (−2.4%). The drop came a day after Brent hit its highest level since early August on supply risk concerns. Analysts said sentiment remains fragile given the mix of geopolitical and trade uncertainty. “With the Ukrainian conflict […]
Brent crude settled at $68.80, up $1.07 (1.58%), while West Texas Intermediate (WTI) closed at $64.80, up $1.14 (1.79%). President Donald Trump reiterated Friday that Russia faces sanctions if peace talks fail to show progress within two weeks, while also threatening steep tariffs on India for its Russian oil purchases. Over the weekend, Vice President […]
Brent crude settled at $67.73, up 6 cents (0.09%), while U.S. West Texas Intermediate (WTI) closed at $63.66, up 14 cents (0.22%). For the week, Brent gained 2.9% and WTI rose 1.4%. Markets remain focused on the stalled peace process between Russia and Ukraine. President Donald Trump has sought to arrange a summit between Vladimir […]