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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Brent crude settled down $1.21, or 1.2%, at $100.06 per barrel, while U.S. West Texas Intermediate (WTI) crude slipped 27 cents, or 0.3%, to $94.81. Both benchmarks had fallen by as much as $5 earlier in the session before recovering some losses in late trading following reports of explosion-like sounds near Bandar Abbas, Iran. The […]
Brent crude declined 7.8% to settle at $101.27 per barrel, while U.S. West Texas Intermediate (WTI) fell 7.0% to $95.08. Both benchmarks touched two-week lows during the session, with Brent briefly dropping below $100 for the first time since late April. The selloff was driven by reports that the United States and Iran are nearing a […]
Brent crude fell 4.0% to settle at $109.87 per barrel, while U.S. West Texas Intermediate (WTI) dropped 3.9% to $102.27. The pullback followed a roughly 6% surge on Monday, with analysts pointing to a mix of technical correction and improved sentiment around geopolitical developments. Market pressure came as reports indicated that at least some vessels […]
Oil prices jumped sharply on Monday as renewed military escalation in the Middle East heightened concerns over further disruptions to global energy supply. Brent crude rose 5.8% to settle at $114.44 per barrel, while U.S. West Texas Intermediate (WTI) gained 4.4% to $106.42. The move marked one of the largest daily increases since the ceasefire between […]
Brent crude settled down 2.0% at $108.17 per barrel, while U.S. West Texas Intermediate (WTI) fell 3.0% to $101.94. Earlier in the week, Brent surged to $126.41—its highest level since March 2022—highlighting the elevated volatility in the market. The decline followed reports that Tehran delivered a fresh negotiating proposal via Pakistani mediators, signaling a possible […]
Brent crude rose as high as $126.41 per barrel—its highest level since March 2022—before settling down 3.4% at $114.01. U.S. West Texas Intermediate (WTI) also retreated from intraday highs, closing 1.7% lower at $105.07. Despite the pullback, both benchmarks remain on track for a fourth consecutive monthly gain. The decline appeared technical rather than fundamentally […]
Oil prices jumped more than 6% on Wednesday, settling at their highest levels in weeks as stalled U.S.-Iran negotiations reinforced concerns over prolonged disruptions to Middle Eastern supply. Brent crude rose 6.1% to $118.03 per barrel—its eighth consecutive gain—while U.S. West Texas Intermediate (WTI) climbed 7% to $106.88. Brent briefly pushed toward $120 in post-settlement […]
Oil prices climbed nearly 3% on Tuesday, extending their rally as persistent supply disruptions tied to the Strait of Hormuz outweighed bearish developments from the United Arab Emirates’ decision to exit OPEC+. Brent crude settled at $111.26 per barrel, up 2.8% and marking a seventh consecutive gain, while U.S. West Texas Intermediate (WTI) rose 3.7% […]
Oil prices advanced on Monday, climbing roughly 3% to a two-week high as stalled U.S.-Iran negotiations and continued disruptions in the Strait of Hormuz kept global supply conditions tight. Brent crude settled at $108.23 per barrel, up 2.8%, while U.S. West Texas Intermediate (WTI) rose 2.1% to $96.37. The move extended Brent’s rally to six […]
Oil prices whipsawed on Friday, ending the session mixed but posting strong gains for the week as markets balanced ongoing supply disruptions against renewed prospects for U.S.-Iran diplomacy. Brent crude settled at $105.33 per barrel, up 0.3%, while U.S. West Texas Intermediate (WTI) declined 1.5% to $94.40. Early in the session, prices moved higher on […]