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 slightly higher on Friday but posted a weekly decline, ending a four-week streak of gains. Brent crude futures settled up 21 cents (0.27%) at $78.50 per barrel, while U.S. West Texas Intermediate (WTI) rose 4 cents (0.05%) to $74.66. Despite these gains, Brent fell 2.8% for the week, and WTI dropped 4.1%. […]
Oil prices fell on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to lower oil costs during his address at the World Economic Forum. Brent crude settled down 71 cents (0.9%) at $78.29 per barrel, while U.S. West Texas Intermediate (WTI) dropped 82 cents (1.09%) to $74.62. Trump’s call for lower oil […]
Oil prices fell on Wednesday as markets assessed the potential impact of U.S. President Donald Trump’s proposed tariffs on global economic growth and energy demand. Brent crude declined by 29 cents (0.4%) to settle at $79.00 per barrel, while U.S. West Texas Intermediate (WTI) dropped 39 cents (0.5%) to $75.44. This marked Brent’s fifth consecutive […]
Oil prices fell on Tuesday, driven by concerns of oversupply and heightened U.S. output following President Donald Trump’s declaration of a national energy emergency on his first day in office. Brent crude futures dropped 86 cents (1.1%) to $79.29 per barrel, while U.S. West Texas Intermediate (WTI) for February delivery declined $1.99 (2.6%) to $75.89 […]
Oil prices fell on Friday, with Brent crude down 50 cents (0.6%) to $80.79 per barrel and U.S. West Texas Intermediate (WTI) crude dropping 80 cents (1%) to $77.88 per barrel. Despite the daily losses, both benchmarks posted weekly gains, with Brent up 1.3% and WTI climbing 1.7%. The market reacted to new U.S. sanctions […]
Oil prices dipped on Thursday, with Brent crude settling at $81.29 per barrel, down 74 cents (0.9%), and U.S. West Texas Intermediate (WTI) crude falling $1.36 (1.7%) to $78.68. This followed significant gains on Wednesday, where Brent and WTI hit their highest levels since July. Prices were pressured by expectations that Yemen’s Houthi militia would […]
Oil prices rose sharply on Wednesday, with Brent crude settling up $2.11, or 2.64%, at $82.03 a barrel, its highest since August. U.S. West Texas Intermediate (WTI) climbed $2.54, or 3.28%, to $80.04, marking its highest close since July.The rally followed a significant drop in U.S. crude inventories to their lowest level since 2022, driven […]
Oil prices eased on Tuesday as the U.S. Energy Information Administration (EIA) forecast steady domestic oil demand in 2025 alongside a slight increase in supply projections. However, losses were limited by new U.S. sanctions targeting Russian oil exports to India and China. Brent crude dropped $1.09 (-1.35%) to settle at $79.92 per barrel, while WTI […]
Oil prices rose roughly 2% on Monday to reach a four-month high, driven by expectations that expanded U.S. sanctions on Russian oil would prompt major buyers like India and China to seek alternative suppliers. Brent crude gained $1.25 (+1.6%) to close at $81.01, its highest since August 26. WTI rose $2.25 (+2.9%) to settle at […]
Oil prices surged nearly 3% on Friday, reaching three-month highs as traders prepared for supply disruptions from the U.S.’s most comprehensive sanctions package targeting Russia’s oil and gas revenues. Brent crude settled at $79.45 (+$2.53, +3.3%), briefly surpassing $80, while WTI closed at $76.30 (+$2.38, +3.2%). Earlier in the session, both benchmarks gained over 4% […]