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 pulled back modestly on Thursday as traders weighed whether the previous day’s sharp rally had already priced in the rising geopolitical risks in the Middle East. Brent crude futures settled down 41 cents, or 0.6%, at $69.36 a barrel. U.S. West Texas Intermediate crude fell 11 cents, or 0.2%, to settle at $67.97 […]
Oil prices rose sharply on Wednesday, climbing more than 4% to their highest levels in over two months, driven by escalating geopolitical tensions in the Middle East and a bullish U.S. inventory report. Brent crude settled at $69.77 a barrel, up $2.90 or 4.34%, while U.S. West Texas Intermediate crude gained $3.17, or 4.88%, to […]
Oil prices hovered near recent highs on Tuesday as traders closely monitored ongoing trade negotiations between the United States and China—talks seen as critical to global economic momentum and future oil demand. Brent crude edged down 17 cents to settle at $66.87 a barrel, while U.S. West Texas Intermediate (WTI) slipped 31 cents to $64.98. […]
Oil prices climbed to multi-week highs on Monday, supported by a weaker U.S. dollar and optimism surrounding U.S.-China trade talks in London. Brent crude settled up 57 cents at $67.04 a barrel, reaching its highest level since April 28, while U.S. West Texas Intermediate (WTI) rose 71 cents to $65.29, its highest since early April. […]
Oil prices rose more than $1 a barrel on Friday and were on track for their first weekly gain in three weeks, buoyed by a solid U.S. jobs report and renewed trade talks between Presidents Trump and Xi. Brent crude climbed 1.96% to $66.62, while U.S. West Texas Intermediate rose 2.11% to $64.71. The U.S. […]
Oil prices rose on Thursday, rebounding from the previous day’s losses after U.S. President Donald Trump and Chinese President Xi Jinping agreed to resume trade talks. Brent crude settled up 48 cents at $65.34 a barrel, while U.S. West Texas Intermediate gained 52 cents to $63.37. The renewed dialogue boosted market sentiment, with analysts suggesting […]
Oil prices fell just over 1% on Wednesday after U.S. data showed a sharp increase in gasoline and diesel inventories, raising concerns about weakening demand. Brent crude settled down 77 cents at $64.86 a barrel, while U.S. West Texas Intermediate dropped 56 cents to $62.85. According to the Energy Information Administration, gasoline stocks surged by […]
Oil prices rose about 2% on Tuesday, reaching a two-week high, as persistent geopolitical tensions signaled that sanctions on Russia and Iran are unlikely to ease soon. Brent crude futures climbed $1, or 1.5%, to $65.63 a barrel by mid-morning, while U.S. West Texas Intermediate (WTI) gained $0.89, or 1.4%, to $63.41. Analysts attributed the […]
Oil prices surged nearly 3% on Monday, driven by concerns over supply disruptions from Canadian wildfires, a weakening U.S. dollar, and ongoing geopolitical tensions, despite OPEC+ sticking to its planned output increase. Brent crude futures rose by $1.85, or 2.95%, to settle at $64.63 a barrel, while U.S. West Texas Intermediate (WTI) crude gained $1.73, […]
Oil prices fell sharply on Friday, with U.S. crude dropping more than $1 during the day, as investors anticipated that OPEC+ would agree to a larger-than-expected production increase for July. Brent crude futures settled down 25 cents, or 0.39%, at $63.90 a barrel. U.S. West Texas Intermediate (WTI) crude finished down 15 cents, or 0.25%, […]