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 climbed about 1.5% on Monday to reach a two-week high, supported by renewed optimism over a potential resolution to the U.S.-China trade conflict. Brent crude futures settled up $1.05, or 1.6%, at $64.96 per barrel, while U.S. West Texas Intermediate (WTI) crude rose 93 cents, or 1.5%, to close at $61.95. Both benchmarks […]
Oil prices ended nearly 2% higher on Friday, logging their first weekly gain since mid-April as optimism over a new U.S.-UK trade deal and anticipation of U.S.-China trade talks lifted investor sentiment. Brent crude futures rose $1.07, or 1.7%, to settle at $63.91 a barrel, while U.S. West Texas Intermediate (WTI) crude futures gained $1.11, […]
Oil prices rebounded on Thursday, rising around 3%, as optimism over upcoming trade talks between the United States and China—the world’s top two oil consumers—buoyed market sentiment. Brent crude futures settled up $1.72, or 2.8%, at $62.84 a barrel, while U.S. West Texas Intermediate (WTI) crude climbed $1.84, or 3.2%, to close at $59.91. The […]
Oil prices extended losses on Wednesday, continuing their slide from earlier in the week as concerns about oversupply and weakened demand weighed heavily on the market. U.S. crude oil futures settled at $58.07 per barrel, down $1.02 or 1.73%, while Brent crude futures settled at $61.12 per barrel, a decrease of $1.03 or 1.66%. Both […]
Oil prices climbed around 4% on Tuesday, rebounding from a sharp selloff the previous day as signs of stronger demand from Europe and China, rising geopolitical tensions in the Middle East, and bargain buying supported the market. Brent crude futures rose $2.37, or 3.9%, to settle at $62.60 a barrel, while U.S. West Texas Intermediate […]
Oil prices fell by more than $1 a barrel on Monday, settling at multi-year lows, as OPEC+’s decision to accelerate output hikes stoked concerns about rising global supply amid an uncertain demand outlook. Brent crude futures settled at $60.23 a barrel, down $1.06, or 1.7%, while U.S. West Texas Intermediate (WTI) crude ended at $57.13 […]
Oil prices ended the week lower on Friday, capping their biggest weekly declines since late March as investors remained cautious ahead of a key OPEC+ meeting expected to shape the group’s production policy for June. West Texas Intermediate (WTI) crude fell 95 cents, or 1.6%, to close at $58.29 per barrel, while Brent crude lost […]
Oil prices were little changed on Thursday, stabilizing after earlier losses as positive corporate earnings and geopolitical delays counterbalanced ongoing concerns about rising supply and weakening U.S. economic data. West Texas Intermediate (WTI) crude futures slipped 15 cents, or 0.3%, to $58.04 per barrel, while Brent crude fell 18 cents, or 0.2%, to settle at […]
Oil prices declined sharply on Wednesday, with both Brent and WTI crude futures posting their largest monthly losses in over three years, as Saudi Arabia signaled it would prioritize market share over price support, and ongoing global trade tensions raised concerns about weakening fuel demand. Brent crude fell $1.13, or 1.76%, to settle at $63.12 […]
Oil prices dropped roughly 2% on Tuesday, hitting their lowest levels since April 10, as mounting concerns about global economic growth and oversupply weighed on markets. Brent crude futures settled at $64.25 per barrel, down $1.61, or 2.4%, while U.S. West Texas Intermediate (WTI) crude ended at $60.42 per barrel, down $1.63, or 2.6%. Investors […]