The Petroleum Daily Report by PFL Petroleum Services LLC shows the settle prices on the petroleum commodities such as crude, BRENT, WTI, natural gas, RBOB, ULSD, propane, and butane.
PFL does display both Gulf and NYH prices. Equities include Nasdaq, TSX and S&P 500.
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Oil prices dropped to multi-month lows on Tuesday as OPEC+ confirmed its first production increase since 2022, while U.S. tariffs on Canada, Mexico, and China—along with Beijing’s retaliatory measures—added pressure. Brent crude settled at $71.04, down $0.58 or 0.8%, after hitting a session low of $69.75, its weakest since September. WTI crude fell to $68.26, […]
Oil prices fell about 2% to a 12-week low on Monday as OPEC+ confirmed it would proceed with a planned production increase in April, while concerns grew that U.S. tariffs could slow global economic growth and reduce oil demand. Brent settled at $71.62 (-1.6%), and WTI closed at $68.37 (-2.0%), marking their lowest levels since […]
Oil prices fell on Friday, marking their first monthly decline since November, as geopolitical tensions and trade concerns weighed on the market. Brent settled at $73.18 (-1.16%), while WTI closed at $69.76 (-0.84%). Both benchmarks faced downward pressure amid volatility stemming from an Oval Office argument between Presidents Trump and Zelenskiy over a potential Russia-Ukraine […]
Oil prices rebounded over 2% on Thursday as supply concerns emerged following President Trump’s revocation of Chevron’s license to operate in Venezuela. Brent rose to $74.04 (+2.1%), while WTI climbed to $70.35 (+2.5%), recovering from their lowest settlements since December 10. The Chevron decision prevents the company from exporting Venezuelan crude, potentially tightening supply. If […]
Oil prices dropped to two-month lows on Wednesday as a surprise increase in U.S. fuel stockpiles signaled weakening demand, while ongoing Russia-Ukraine peace negotiations continued to pressure prices. Brent fell to $72.54 (-0.67%), and WTI dropped to $68.62 (-0.45%) by early afternoon.The U.S. Energy Information Administration reported unexpected builds in gasoline and distillate inventories, even […]
Oil prices fell around 2% on Tuesday to a two-month low, pressured by weak economic data from the U.S. and Germany, concerns over slower energy demand, and signs of increasing global oil output. Brent settled at $73.02 (-2.4%), while WTI closed at $68.93 (-2.5%), marking their lowest levels since late December. U.S. consumer confidence fell […]
Oil prices edged higher on Monday, recovering some of Friday’s sharp losses as new U.S. sanctions on Iran and Iraq’s commitment to OPEC+ quotas raised concerns about near-term supply tightness. Brent settled at $74.78 (+0.5%), while WTI closed at $70.70 (+0.4%), rebounding from multi-week lows. The U.S. Treasury imposed fresh sanctions targeting Iran’s oil industry, […]
Oil prices fell over $2 a barrel on Friday, with Brent settling at $74.43 (-2.68%) and WTI at $70.40 (-2.87%), marking a weekly decline of 0.4% and 0.5%, respectively. The drop was driven by easing geopolitical tensions, particularly a fading Middle East risk premium as the Gaza ceasefire held, along with uncertainty over a potential […]
Oil prices extended their gains for a third straight session on Thursday, driven by drawdowns in U.S. gasoline and distillate inventories and ongoing supply concerns in Russia. Brent crude settled up 44 cents (0.58%) at $76.48 per barrel, while WTI rose 32 cents (0.44%) to $72.57 for March delivery. The more-actively traded April WTI contract […]
Oil prices closed at their highest level since February 11, 2025 on supply concerns in Russia and the U.S., while the market awaited clarity on sanctions amid U.S.-led peace talks on Ukraine. Brent crude rose 20 cents (0.3%) to $76.04 per barrel, and WTI climbed 40 cents (0.6%) to $72.25 per barrel. Supply risks remain […]