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.
For additional insights into commodity markets or inquiries regarding RIN data, please contact PFL Petroleum at 239-390-2885.
Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
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 […]
Oil prices rebounded nearly 1% on Wednesday as traders weighed strong U.S. demand signals against easing geopolitical tensions in the Middle East. Brent crude rose 54 cents, or 0.8%, to settle at $67.68 a barrel, while U.S. West Texas Intermediate (WTI) gained 55 cents, or 0.9%, to close at $64.92. The gains followed steep declines […]
Oil prices fell sharply on Tuesday, with Brent crude settling down $4.34, or 6.1%, at $67.14 a barrel and U.S. West Texas Intermediate (WTI) falling $4.14, or 6.0%, to $64.37. Both benchmarks hit their lowest closing levels in two weeks, as markets reacted to the announcement of a ceasefire between Israel and Iran, easing concerns […]
Oil prices plunged more than 7% on Monday, with Brent crude settling at $71.48 per barrel and U.S. West Texas Intermediate (WTI) closing at $68.51, both down $5.53, or 7.2%. The sharp decline came as Iran retaliated against U.S. airstrikes not by targeting oil infrastructure or disrupting the Strait of Hormuz, but by striking a […]
Oil prices fell on Friday as the U.S. unveiled new Iran-related sanctions, signaling a diplomatic tack that calmed fears of an imminent escalation in the Israel-Iran conflict. Brent crude settled down $1.84, or 2.33%, at $77.01 a barrel, while U.S. West Texas Intermediate crude for July dropped 21 cents, or 0.28%, to $74.93. The more […]
Oil prices ended higher Wednesday in a choppy session, as traders weighed geopolitical tensions between Iran and Israel and the possibility of direct U.S. involvement in the conflict. Brent crude settled at $76.70 a barrel, up 25 cents, while U.S. West Texas Intermediate (WTI) rose 30 cents to finish at $75.14. Prices had fallen as […]
Oil prices jumped over 4% on Tuesday as the conflict between Iran and Israel escalated, stoking fears of disruption in the Middle East. Brent crude settled at $76.45 a barrel, up $3.22 or 4.40%, while WTI closed at $74.84, gaining $3.07 or 4.28%. Though no major oil flows have been interrupted, Iran partially shut down […]
Oil prices fell Monday, slipping from last week’s surge as reports emerged that Iran is seeking a truce with Israel. The news eased concerns about a major supply disruption in the Middle East. Brent crude settled at $73.23 a barrel, down $1.00 or 1.35%, while U.S. West Texas Intermediate crude closed at $71.77, down $1.21 […]
Oil prices surged Friday, settling more than 7% higher after Israel and Iran exchanged air strikes, intensifying fears that broader conflict could disrupt Middle East oil exports. Brent crude settled at $74.23 a barrel, up $4.87 or 7.02%, after earlier jumping over 13% to $78.50—the highest since January 27. U.S. West Texas Intermediate crude ended […]