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 higher on Thursday as markets digested a mix of geopolitical developments, economic data, and supply signals. Brent crude settled at $66.55 per barrel, up $0.43 or +0.65% from Wednesday’s close. U.S. West Texas Intermediate (WTI) rose $0.52, or +0.83%, to finish at $62.79 per barrel. The potential for increased supply weighed on […]
Brent crude futures settled down $1.32, or 1.96%, at $66.12 per barrel. U.S. West Texas Intermediate (WTI) crude dropped $1.40, or 2.2%, to $62.27. Earlier in the session, Brent touched a high of $68.65—its highest level since April 4. Tensions within OPEC+ have flared recently, with some countries exceeding their quotas. Kazakhstan, though not an […]
Oil prices rebounded more than $1 a barrel on Tuesday, lifted by new U.S. sanctions on Iran and a rally in equity markets that helped recover some of the previous session’s losses. Brent crude settled $1.18, or 1.8%, higher at $67.44 per barrel. U.S. West Texas Intermediate (WTI) for May delivery, which expired at settlement, rose […]
Oil prices fell more than 2% on Monday as signs of progress in U.S.-Iran nuclear talks raised the prospect of Iranian crude returning to global markets, while concerns over economic headwinds from tariffs weighed on demand outlooks. Brent crude dropped $1.70, or 2.5%, to settle at $66.26 a barrel, and U.S. West Texas Intermediate (WTI) […]
Oil prices settled more than 3% higher on Thursday, lifted by hopes for a U.S.-EU trade deal and fresh U.S. sanctions aimed at curbing Iranian oil exports. Brent crude rose $2.11, or 3.2%, to settle at $67.96 a barrel, while U.S. West Texas Intermediate (WTI) gained $2.21, or 3.5%, to $64.68. Both benchmarks ended the […]
Oil prices rose nearly 2% on Wednesday to a two-week high amid concerns over global supply following new U.S. sanctions on Chinese importers of Iranian oil. Brent crude futures settled up $1.18, or 1.8%, at $65.85 a barrel, while U.S. West Texas Intermediate (WTI) crude gained $1.14, or 1.9%, to $62.47. The U.S. imposed sanctions […]
Oil prices settled slightly lower on Tuesday as markets grappled with ongoing uncertainty surrounding U.S. President Donald Trump’s shifting tariff policies and the potential fallout for global economic growth and oil demand. Brent crude futures slipped 21 cents, or 0.3%, to settle at $64.67 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 20 […]
Oil prices settled slightly higher on Monday, supported by U.S. tariff exemptions on some electronics and a rebound in China’s crude imports, though gains were limited by persistent concerns over the broader impact of the trade war. Brent crude futures closed up 12 cents, or 0.2%, at $64.88 per barrel, while U.S. West Texas Intermediate […]
Brent crude futures climbed $1.43, or 2.26%, to settle at $64.76 a barrel, while U.S. West Texas Intermediate (WTI) crude finished up $1.43, or 2.38%, at $61.50. The prospect of a significant reduction in global oil supply from stricter enforcement of sanctions on Iranian crude added upward momentum to prices, which have been volatile throughout […]
Oil prices dropped sharply on Thursday, giving back the gains from the previous session, as investor optimism over a brief pause in sweeping U.S. tariffs faded and attention turned back to the escalating trade war between Washington and Beijing. U.S. West Texas Intermediate (WTI) crude futures fell $2.28, or 3.7%, to settle at $60.07 per […]