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 fell for a sixth straight session on Thursday, as hopes for a diplomatic breakthrough between the U.S. and Russia continued to weigh on market sentiment. Brent crude settled at $66.43, down 46 cents, or 0.7%, while U.S. West Texas Intermediate (WTI) closed at $63.88, a drop of 47 cents, or 0.7%. The decline […]
Brent crude settled at $66.89, down 75 cents, or 1.1%, while U.S. West Texas Intermediate (WTI) fell 81 cents, or 1.2%, to close at $64.35. Both contracts marked their fifth consecutive daily loss, with Brent notching its weakest close since June 10 and WTI its lowest since June 5. The market’s tone was shaped by […]
Brent crude settled at $67.64, down $1.12 (−1.63%), while U.S. West Texas Intermediate (WTI) closed at $65.16, falling $1.13 (−1.7%). Both benchmarks marked their lowest closes in five weeks. The pressure on prices follows OPEC+’s decision to raise production by 547,000 barrels per day in September, the latest step in reversing its earlier output cuts. […]
Brent crude settled down 91 cents (1.3%) at $68.76, while U.S. West Texas Intermediate (WTI) crude fell $1.04 (1.5%) to $66.29. Both benchmarks had already dropped nearly 3% on Friday. OPEC+ agreed on Sunday to raise production by 547,000 barrels per day (bpd) in September—part of a broader move to unwind the group’s largest output […]
Brent crude settled down $2.03 (2.83%) at $69.67, while U.S. West Texas Intermediate (WTI) fell $1.93 (2.79%) to $67.33. Despite Friday’s losses, Brent posted a weekly gain of nearly 6%, and WTI rose 6.29% for the week. OPEC+ may agree as soon as Sunday to raise production by 548,000 barrels per day in September, according […]
Oil prices declined Thursday as investors remained cautious ahead of U.S. President Donald Trump’s August 1 tariff deadline, which threatens countries that have yet to secure a trade deal with the U.S. Brent crude for September delivery, which expired Thursday, settled down 71 cents (0.97%) at $72.53 per barrel. U.S. West Texas Intermediate (WTI) crude […]
Oil prices closed about 1% higher on Wednesday as traders focused on U.S. President Donald Trump’s tightened timeline for Russia to end the war in Ukraine and new tariff threats targeting countries that trade Russian oil. Brent crude for September delivery, set to expire Thursday, rose 73 cents (1.01%) to settle at $73.24. The more […]
Oil prices surged over 3% on Tuesday, marking their highest levels since June 20, as geopolitical tensions escalated and optimism grew around easing global trade conflicts. Brent crude rose $2.47, or 3.53%, to settle at $72.51 per barrel, while U.S. West Texas Intermediate (WTI) climbed $2.50, or 3.75%, to close at $69.21. The rally followed […]
Oil prices rallied sharply on Monday, climbing over 2% as global markets reacted positively to news of a trade agreement between the United States and the European Union, along with President Donald Trump’s unexpected decision to shorten the timeline for Russia to end its war in Ukraine. Brent crude rose $1.60, or 2.3%, to settle […]
Oil prices declined on Friday, settling at a three-week low as weak economic data from the U.S. and China and signs of expanding supply weighed on market sentiment. Brent crude settled at $68.44 a barrel, down 74 cents, or 1.1%, while U.S. West Texas Intermediate (WTI) dropped 87 cents, or 1.3%, to $65.16. For the […]