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 dropped more than 2% on Monday, with Brent crude falling $2.04 (2.76%) to $71.83 per barrel and U.S. WTI crude declining $2.34 (3.32%) to $68.04 per barrel. This followed a more than 2% drop on Friday. The market was weighed down by China’s latest stimulus plan, which failed to boost investor confidence in […]
Oil prices fell over 2% on Friday, as supply fears from Hurricane Rafael eased and China’s economic stimulus measures underwhelmed traders. U.S. WTI crude futures dropped by $1.98 (2.7%) to $70.35 per barrel, and Brent crude fell by $1.76 (2.3%) to $73.87 per barrel. Energy producers had preemptively shut down more than 23% of Gulf […]
Oil prices rose nearly 1% on Thursday, with Brent crude up 71 cents (0.95%) to $75.63 a barrel and U.S. WTI crude increasing 67 cents (0.93%) to $72.36. The market reacted to potential supply impacts from President-elect Donald Trump’s policies, including the possibility of renewed sanctions on Iran and Venezuela, which could reduce oil availability, […]
Oil prices declined on Wednesday, with Brent settling down 0.81% at $74.92 per barrel and WTI down 0.42% to $71.69. Investors weighed a strong U.S. dollar and concerns around foreign-policy implications of President-elect Donald Trump’s re-election. The initial market response saw a sharp drop as the dollar surged to its highest since September 2022, making […]
Oil prices rose around 1% on Tuesday, driven by the potential disruption in U.S. Gulf of Mexico oil production due to Tropical Storm Rafael and a weakening dollar amid the close U.S. presidential race. Brent crude futures increased by 45 cents, or 0.6%, settling at $75.53 a barrel, while WTI crude futures rose 52 cents, […]
Oil prices rose nearly 3% on Monday as OPEC+ announced it would delay a planned increase in output by a month, extending cuts of 2.2 million barrels per day through December due to weak demand and falling prices. Brent crude futures gained $1.98, or 2.7%, reaching $75.08 a barrel, while WTI crude rose by 2.85% […]
Oil prices rose slightly on Friday amid reports that Iran was planning a retaliatory strike on Israel from Iraq, though record U.S. oil production limited gains. Brent crude increased by 29 cents, or 0.4%, to settle at $73.10 a barrel, while WTI crude rose 23 cents, or 0.3%, to $69.49. Despite early-session gains of over […]
Oil prices surged on Thursday, jumping over $2 a barrel in post-settlement trading after reports suggested that Iran might launch an attack on Israel from Iraqi territory in the coming days. Brent crude futures rose $2.10, or 2.91%, to $74.26, while WTI crude climbed $2.15, or 3.13%, to $70.76. Reports indicate the attack, expected to […]
Oil prices rebounded on Wednesday, rising more than 2% following unexpected declines in U.S. crude and gasoline inventories. Brent crude futures settled up $1.43, or 2.01%, at $72.55 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.40, or 2.08%, to $68.61. The Energy Information Administration reported that U.S. gasoline stockpiles fell to a […]
Oil prices closed slightly lower on Tuesday, following a steep 6% drop on Monday, as reports surfaced of potential diplomatic efforts in the Middle East. Brent crude futures fell 30 cents, or 0.4%, to settle at $71.12 a barrel, while U.S. West Texas Intermediate (WTI) crude slipped 17 cents, or 0.3%, to $67.21 a barrel. […]