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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Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices edged higher on Thursday before paring gains in the afternoon after news broke that the Trump administration may permit Chevron to resume operations in Venezuela. Brent crude settled up 26 cents at $68.77 a barrel, while U.S. West Texas Intermediate (WTI) crude climbed 44 cents to $65.69. Earlier in the day, both benchmarks […]
Oil prices held steady on Wednesday as markets weighed a modest U.S.-Japan trade agreement against ongoing uncertainties in U.S.-EU and U.S.-China negotiations. Brent crude dipped 8 cents, or 0.12%, to settle at $68.51 a barrel, while U.S. West Texas Intermediate (WTI) fell 6 cents, or 0.09%, to $65.25. U.S. President Donald Trump announced a trade […]
Oil prices fell for a third straight session on Tuesday as fading hopes for a U.S.-EU trade deal heightened fears of a global economic slowdown. Brent crude dropped 82 cents, or 1.2%, to settle at $68.39 a barrel, while U.S. West Texas Intermediate (WTI) crude for August delivery fell $1.05, or 1.6%, to $66.15. The […]
Oil prices settled slightly lower on Monday as markets viewed the latest European sanctions on Russian oil as unlikely to significantly disrupt global supply. Brent crude fell 7 cents, or 0.1%, to $69.21 a barrel, while U.S. West Texas Intermediate declined 14 cents, or 0.2%, to $67.20. The European Union’s 18th sanctions package targeted India’s […]
Crude oil futures were little changed on Friday as markets balanced mixed U.S. economic signals with concerns over supply disruptions stemming from new European sanctions on Russia. Brent crude settled at $69.28 a barrel, down 24 cents or 0.3%, while U.S. West Texas Intermediate (WTI) slipped 20 cents, also 0.3%, to end at $67.34. Both […]
Oil prices rose sharply on Thursday as geopolitical tensions flared following a fourth day of drone attacks on oilfields in Iraq’s Kurdistan region, highlighting the fragility of supply from the Middle East. Brent crude settled at $69.52 per barrel, gaining $1.00 or 1.46%, while U.S. West Texas Intermediate (WTI) climbed $1.16, or 1.75%, to settle […]
Oil prices edged lower on Wednesday as rising U.S. fuel inventories and concerns over the economic fallout from U.S. tariffs overshadowed stronger crude draws and some improving demand signals. Brent settled down 19 cents, or 0.3%, at $68.52 per barrel, while U.S. West Texas Intermediate (WTI) fell 14 cents, or 0.2%, to $66.38. EIA data […]
Oil prices dipped slightly on Tuesday as investor anxiety over immediate sanctions on Russian crude faded after U.S. President Donald Trump gave a 50-day deadline for Moscow to end the war in Ukraine. Brent crude settled down 50 cents, or 0.7%, at $68.71 a barrel, while U.S. West Texas Intermediate crude slipped 46 cents, or […]
Oil prices fell over $1 on Monday as traders digested new sanctions threats from U.S. President Donald Trump aimed at buyers of Russian oil, even as broader concerns about tariffs and future demand lingered. Brent crude settled at $69.21 a barrel, down $1.15 or 1.63%, while U.S. West Texas Intermediate (WTI) closed at $66.98, down […]
Oil prices climbed more than 2% on Friday, with Brent settling at $70.36 per barrel (up $1.72, or 2.5%) and WTI at $68.45 (up $1.88, or 2.8%), as the International Energy Agency (IEA) said the market may be tighter than it appears, even as U.S. tariffs and potential new sanctions on Russia drew investor attention. […]