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 again on Tuesday as improving Saudi crude flows eased some of the market’s supply concerns, although prices recovered from their session lows after hopes for an immediate U.S.-Iran agreement faded. Brent crude futures for November settled at $99.25 a barrel, down $1.09, or 1.09%, while WTI for October settled at $94.59, down […]
Oil prices dropped sharply on Monday, with Brent falling back toward $100 a barrel as the market began to price in the possibility of diplomatic progress between the U.S. and Iran. Expectations for improved Saudi crude exports also added pressure to prices. Brent crude settled at $100.34 a barrel, down $3.53, or 3.4%, while WTI […]
Oil prices fell on Friday as hopes that China could help limit attacks by Iran-backed Houthi rebels on Saudi oil infrastructure eased some concerns about further supply disruptions in the Middle East. Brent crude futures settled at $103.87 a barrel, down $0.95, or 0.93%, while U.S. West Texas Intermediate crude futures settled at $100.30 a […]
Oil prices settled about 1% lower on Thursday but remained above $100 a barrel, as concerns over Saudi supply disruptions eased somewhat following reports that additional Saudi crude could reach global markets. Brent crude futures fell $1.01, or 0.95%, to $104.82 a barrel, while WTI fell 52 cents, or 0.5%, to $101.91 a barrel. Both […]
Oil prices fell on Wednesday as concerns over Saudi Arabia’s ability to maintain crude exports eased and U.S. inventory data showed a smaller-than-expected draw in crude stocks. U.S. West Texas Intermediate (WTI) crude futures fell 3.2% to settle at $102.43 per barrel, while Brent crude, the international benchmark, declined 2.7% to $105.83 per barrel. Despite […]
Oil prices rose sharply on Tuesday as the suspension of crude loadings at Saudi Arabia’s Red Sea export hub of Yanbu and the cancellation of some Saudi cargoes to Europe increased concerns that disruptions to a critical oil-export route could last for weeks. Brent crude futures rose $3.07, or 2.9%, to settle at $108.75 per […]
Oil prices settled about 1% higher on Monday as concerns over global energy supplies increased following additional strikes on Saudi Arabian energy infrastructure and continued attacks on shipping in the Middle East. Brent crude futures rose $1.07, or 1.0%, to settle at $105.68 per barrel, while U.S. West Texas Intermediate (WTI) crude gained $1.34, or […]
Oil prices fell on Friday but remained on track for a weekly gain of more than 8% as continued attacks on Middle East shipping routes raised concerns about prolonged supply disruptions. Brent crude futures settled $3.02, or 2.81%, lower at $104.61 per barrel, while U.S. West Texas Intermediate (WTI) crude fell $2.43, or 2.37%, to […]
Oil prices surged more than 6% on Thursday, with both major benchmarks trading above $100 a barrel as intensifying attacks on shipping in and around the Middle East raised concerns that already-tight global supplies could face further disruption. Brent crude futures jumped $6.42, or 6.34%, to settle at $107.63 per barrel, while U.S. West Texas […]
Oil prices surged above $100 a barrel on Wednesday, reaching their highest close since May 22, as escalating attacks on shipping near the Strait of Hormuz raised concerns that Middle East supply disruptions could worsen. Brent crude futures rose $3.29, or 3.4%, to settle at $101.21 per barrel, after reaching $101.58 during the session. U.S. […]