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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Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices dropped sharply on Thursday, with Brent settling at $68.64 per barrel (down $1.55 or 2.21%) and West Texas Intermediate closing at $66.57 (down $1.81 or 2.65%), as investors assessed the potential fallout from U.S. President Donald Trump’s escalating global tariff threats. The market reacted to new tariff warnings, including a proposed 50% duty […]
Oil prices held steady on Wednesday as investors weighed rising U.S. gasoline demand, renewed attacks on Red Sea shipping, and the impact of looming U.S. copper tariffs. Brent crude edged up 4 cents to settle at $70.19 a barrel, while West Texas Intermediate (WTI) crude gained 5 cents to close at $68.38—both little changed from […]
Oil prices rose to two-week highs on Tuesday, driven by a reduced U.S. production outlook, fresh Houthi attacks in the Red Sea, and a surprise move by President Donald Trump to impose steep copper tariffs. Brent crude settled up 57 cents, or 0.8%, at $70.15 a barrel, while U.S. West Texas Intermediate (WTI) gained 40 […]
Oil prices climbed nearly 2% on Monday as signs of robust demand helped markets look past a larger-than-expected OPEC+ production increase for August and persistent concerns over U.S. tariff policy. Brent crude settled $1.28 higher at $69.58 a barrel, up 1.9%, while U.S. West Texas Intermediate (WTI) crude rose 93 cents, or 1.4%, to $67.93. […]
Oil prices eased slightly on Thursday as traders weighed the risk of slower global energy demand stemming from tariff uncertainty, just ahead of a widely anticipated supply boost from OPEC+ producers. Brent crude settled down 31 cents, or 0.45%, at $68.80 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped 45 cents, or 0.67%, […]
Oil prices climbed 3% on Wednesday as geopolitical tensions and fresh trade developments supported a rebound, though gains were capped by an unexpected rise in U.S. crude inventories. Brent crude rose $2.00 to settle at $69.11 a barrel, while U.S. West Texas Intermediate (WTI) also gained $2.00 to end the session at $67.45. The upward […]
Oil prices rose modestly on Tuesday, supported by signs of strengthening global demand, while investors remained cautious ahead of an upcoming OPEC+ meeting. Brent crude settled up 37 cents, or 0.6%, at $67.11 a barrel, and U.S. West Texas Intermediate crude climbed 34 cents, or 0.5%, to close at $65.45. Optimism stemmed from a private-sector […]
Oil prices dipped slightly on Monday as the market digested easing geopolitical tensions in the Middle East and the prospect of an OPEC+ production increase in August. Brent crude futures settled at $67.61 a barrel, down 16 cents, or 0.2%, before expiring. The more active September contract ended lower at $66.74. U.S. West Texas Intermediate […]
Oil prices ended slightly higher on Friday, reversing midday losses triggered by reports of an upcoming OPEC+ production hike, but still notched a steep 12% drop for the week—the largest weekly decline since March 2023. Brent crude settled at $67.77 a barrel, up 4 cents, or 0.1%, while U.S. West Texas Intermediate (WTI) rose 28 […]
Oil prices inched higher on Thursday, supported by tightening U.S. crude inventories and rising demand from the summer driving season, though gains were capped by easing fears of supply disruptions from the Middle East. Brent crude settled up just 5 cents, or 0.07%, at $67.73 a barrel, while U.S. West Texas Intermediate (WTI) crude rose […]