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 jumped over 3% on Wednesday as geopolitical risk resurfaced following reports that planned U.S.–Iran talks scheduled for Friday could fall apart. Brent crude futures settled $2.13, or 3.16%, higher at $69.46 a barrel, while U.S. West Texas Intermediate gained $1.93, or 3.05%, to $65.14. Reports that the United States rejected Iran’s request to […]
Oil prices rose on Tuesday after the United States shot down an Iranian drone near a U.S. aircraft carrier and Iranian armed boats moved toward a U.S.-flagged tanker in the Strait of Hormuz. The incidents raised fears that efforts to ease tensions between Washington and Tehran could be derailed. Brent crude futures gained $1.03, or […]
Oil prices slid more than $3 per barrel on Monday after U.S. President Donald Trump said Iran was “seriously talking” with Washington, signaling a potential de-escalation in tensions that had driven a hefty geopolitical premium into crude markets. Brent crude fell $3.02, or 4.4%, to settle at $66.30 a barrel, while U.S. West Texas Intermediate […]
Oil prices edged slightly lower on Friday, consolidating recent gains and holding near six-month highs as persistent tensions between the United States and Iran continued to underpin the market. Brent crude futures settled at $70.69 a barrel, down just 2 cents, or 0.03%, while U.S. West Texas Intermediate finished at $65.21 a barrel, down 21 […]
Oil prices surged about 3% on Thursday to their highest levels in roughly five months as fears mounted that global supplies could be disrupted if the United States takes military action against Iran, one of OPEC’s largest crude producers. Brent futures rose $2.31, or 3.4%, to settle at $70.71 a barrel, while U.S. West Texas […]
Oil prices climbed to their highest levels since late September on Wednesday, supported by rising concerns over Iran, a surprise draw in U.S. crude inventories and a weaker U.S. dollar. Brent crude futures settled up 83 cents, or 1.2%, at $68.40 a barrel, while U.S. West Texas Intermediate rose 82 cents, or 1.3%, to $63.21. […]
Oil prices surged about 3% on Tuesday as a severe winter storm disrupted U.S. crude production and briefly drove Gulf Coast crude exports to zero, tightening near-term supply expectations. Brent crude futures settled up $1.98, or 3.0%, at $67.57 a barrel, while U.S. West Texas Intermediate gained $1.76, or 2.9%, to settle at $62.39. U.S. […]
Oil prices edged lower on Monday after rallying more than 2% in the prior session, as traders weighed temporary U.S. production losses from winter storms against easing supply risks elsewhere and persistent geopolitical uncertainty. Brent crude slipped 29 cents, or 0.4%, to settle at $65.59 a barrel, while U.S. West Texas Intermediate fell 44 cents, […]
Oil prices finished Friday at their highest levels in more than a week as Washington escalated pressure on Iran with new sanctions and stepped-up military signaling, renewing concerns over potential supply disruptions. Brent crude climbed $1.82, or 2.8%, to settle at $65.88 a barrel, while U.S. West Texas Intermediate rose $1.71, or 2.9%, to $61.07. […]
Oil prices fell about 2% on Thursday to a one-week low as geopolitical risk premiums eased following softer rhetoric from U.S. President Donald Trump on Greenland and Iran, alongside tentative progress toward ending Russia’s war in Ukraine. Brent futures settled down $1.18, or 1.8%, at $64.06 a barrel, while U.S. West Texas Intermediate crude fell […]