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 moved sharply lower on Monday as concerns over supply disruptions continued to ease following signs of progress in negotiations between the United States and Iran and the gradual reopening of the Strait of Hormuz. Market sentiment improved after U.S. Vice President JD Vance stated that negotiations were making progress and confirmed that the […]
Energy markets were mixed on Thursday as traders continued to assess the implications of the U.S.-Iran memorandum of understanding, which outlines a path toward reopening the Strait of Hormuz and restoring disrupted Middle Eastern oil exports. Expectations that additional barrels could gradually return to the market over the coming months continued to pressure crude prices, […]
Oil prices rebounded modestly on Wednesday after two consecutive sessions of heavy losses, as uncertainty surrounding the recently announced U.S.-Iran agreement prompted traders to reassess expectations for a lasting resolution to the conflict. Brent crude settled at $79.55 per barrel, up 59 cents or 0.75%, while West Texas Intermediate (WTI) crude rose 74 cents, or […]
Oil prices fell sharply for a second consecutive session on Tuesday, with both Brent crude and West Texas Intermediate (WTI) closing at three-month lows as additional details emerged regarding a preliminary agreement between the United States and Iran to end the conflict and restore shipping through the Strait of Hormuz. Brent crude settled at $78.96 […]
Oil prices fell nearly 5% on Monday, with both Brent crude and West Texas Intermediate (WTI) closing at their lowest levels since early March, after the United States and Iran signed a memorandum of understanding aimed at ending the conflict and reopening the Strait of Hormuz. Brent crude settled at $83.17 per barrel, down $4.16 […]
Oil prices declined sharply on Friday, with Brent crude falling to its lowest level since early March and WTI reaching its lowest level since mid-April, as growing optimism surrounding a potential U.S.-Iran peace agreement reduced concerns about prolonged supply disruptions in the Middle East. Brent crude settled at $87.33 per barrel, down $3.05 or 3.37% […]
Brent crude settled at $90.38 per barrel, down $2.72 (2.9%), while West Texas Intermediate (WTI) crude closed at $87.71 per barrel, falling $2.32 (2.6%). The decline reversed much of the previous session’s gains as traders reduced the geopolitical risk premium that has supported oil prices throughout the conflict. In a social media post, Trump said […]
Brent crude settled at $93.10 per barrel, up $1.65 (1.8%), while West Texas Intermediate (WTI) crude closed at $90.03 per barrel, gaining $1.83 (2.0%). Both benchmarks surged by roughly $3 during afternoon trading after Trump reiterated that additional military strikes against Iran remained possible following an overnight exchange of fire between the two countries. Prices […]
Brent crude settled at $91.45 per barrel, down $2.80 (3.0%), while West Texas Intermediate (WTI) crude fell $3.10 (3.4%) to close at $88.20 per barrel. The decline followed announcements from both Iran and Israel that they had halted direct attacks after President Donald Trump urged the sides to cease hostilities. Although tensions remain elevated, particularly […]
Brent crude settled at $94.25 per barrel, up $1.16 (1.3%), while West Texas Intermediate (WTI) closed at $91.30 per barrel, gaining $0.76 (0.8%). Both benchmarks had surged more than 5% earlier in the session as renewed military activity over the weekend heightened fears of prolonged disruptions to Middle East energy supplies. The conflict escalated after […]