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 closed modestly higher on Wednesday as optimism around tighter near-term supply offset broader macro and geopolitical concerns. Brent futures settled up 32 cents, or 0.5%, at $65.24 a barrel, while U.S. West Texas Intermediate crude rose 26 cents, or 0.4%, to $60.62. Support continued from Kazakhstan after output was halted at the Tengiz […]
Oil prices rose on Tuesday, supported by a temporary halt in output at Kazakhstan’s major oil fields and expectations of stronger global economic growth that could lift fuel demand. Gains came as traders also monitored escalating tariff threats from U.S. President Donald Trump toward several European countries. Brent crude futures settled 98 cents, or 1.5%, […]
Oil prices settled modestly higher on Friday as traders covered short positions ahead of the three-day Martin Luther King Jr. holiday weekend in the U.S., while lingering concerns over a possible U.S. military strike against Iran continued to support prices. Brent crude rose 37 cents, or 0.6%, to settle at $64.13 a barrel, while U.S. […]
Oil prices fell Thursday, snapping a five-day rally after President Donald Trump said Iran’s crackdown on protesters appeared to be easing, reducing fears of military action and potential supply disruptions. Brent crude futures fell $2.76, or 4.2%, to settle at $63.76 a barrel, while U.S. West Texas Intermediate crude slid $2.83, or 4.6%, to $59.19. […]
Oil prices rose about 1% on Wednesday, extending gains for a fifth straight session as concerns mounted over potential supply disruptions from Iran amid rising fears of a U.S. military strike and possible retaliation across the Middle East. Brent crude futures settled up $1.05, or 1.6%, at $66.52 a barrel, while U.S. West Texas Intermediate […]
Oil prices jumped more than 2% on Tuesday as fears of potential disruptions to Iranian crude exports outweighed expectations for increased supply from Venezuela. Brent futures rose $1.60, or 2.5%, to settle at $65.47 per barrel, while U.S. West Texas Intermediate climbed $1.65, or about 2.8%, to $61.15. The market has begun pricing in greater […]
Oil prices rose on Monday, settling at their highest levels in seven weeks, as concerns grew that Iranian oil exports could decline amid a government crackdown on anti-government protests. Brent crude futures gained 53 cents, or 0.8%, to settle at $63.87 per barrel, while U.S. West Texas Intermediate crude rose 38 cents, or 0.6%, to […]
Oil prices rose about 2% on Friday, supported by growing concerns about supply disruptions amid intensifying unrest in Iran and continued geopolitical tension in Russia’s war in Ukraine. Brent crude futures settled $1.35 higher, or 2.18%, at $63.34 per barrel, while U.S. West Texas Intermediate (WTI) crude gained $1.36, or 2.35%, to $59.12 a barrel. […]
Oil prices climbed more than 3% on Thursday, rebounding after two days of losses, as investors assessed developments in Venezuela and monitored supply risks from Russia, Iraq, and Iran. Brent crude futures rose $2.03, or 3.4%, to settle at $61.99 a barrel, while U.S. West Texas Intermediate (WTI) crude gained $1.77, or 3.2%, to settle […]
Oil prices eased on Wednesday as traders absorbed news of a new U.S.–Venezuelan crude arrangement that could add barrels to the world’s largest consuming market, reinforcing expectations of abundant supply in 2026. Brent crude futures closed down 74 cents, or 1.2%, at $59.96 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $1.14, or […]