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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Brent crude settled at $94.25 per barrel, up $1.16 (1.3%), while West Texas Intermediate (WTI) closed at $91.30 per barrel, gaining $0.76 (0.8%). Both benchmarks had surged more than 5% earlier in the session as renewed military activity over the weekend heightened fears of prolonged disruptions to Middle East energy supplies. The conflict escalated after […]
Brent crude settled at $93.09 per barrel, down $1.94 (2.0%), following a 2.8% decline in the previous session. U.S. West Texas Intermediate (WTI) crude fell $2.50 (2.7%) to close at $90.54 per barrel after dropping 3.1% on Thursday. Market sentiment improved as traders interpreted recent developments as signs of de-escalation despite the absence of a […]
Brent crude settled at $95.03 per barrel, down $2.78 (2.8%), while West Texas Intermediate (WTI) crude fell $2.98 (3.1%) to close at $93.04 per barrel. The decline followed news that Israel and Lebanon had agreed to implement a ceasefire, raising expectations that broader regional negotiations could gain momentum. Iran has previously linked progress in its […]
Brent crude settled at $97.81 per barrel, up $1.81 (1.9%), while West Texas Intermediate (WTI) crude gained $2.26 (2.4%) to close at $96.02 per barrel. The advance built on Tuesday’s gains as traders reassessed the likelihood of a near-term resolution to the conflict. Geopolitical tensions intensified after Iran launched ballistic missile attacks toward Kuwait and […]
Brent crude settled at $96.00 per barrel, up $1.02 (1.1%), while West Texas Intermediate (WTI) crude increased $1.60 (1.7%) to close at $93.76 per barrel. Market participants remained focused on developments in the Iran conflict and the status of the Strait of Hormuz, a critical shipping route that normally handles roughly 20% of global oil […]
Brent crude settled at $94.98 per barrel, up $3.86, or 4.2%, while U.S. West Texas Intermediate (WTI) crude gained $4.80, or 5.5%, to close at $92.16 per barrel. Both benchmarks had risen more than 6% during the session before trimming gains later in the day. Iran’s Tasnim News Agency reported that Tehran and its regional […]
Brent crude for July delivery, which expired Friday, settled at $92.05 per barrel, down $1.66, or 1.8%. U.S. West Texas Intermediate (WTI) crude fell $1.54, or 1.7%, to close at $87.36 per barrel. The three-month conflict has repeatedly produced expectations of a breakthrough that would reopen the Strait of Hormuz, a critical shipping lane that […]
Oil prices ended mixed on Thursday after another volatile trading session, as traders weighed conflicting signals surrounding efforts to extend the fragile ceasefire between the United States and Iran. Brent crude for July delivery, which expires Friday, settled down 58 cents, or 0.6%, at $93.71 per barrel. The more actively traded August Brent contract, however, […]
Oil prices tumbled more than 5% on Wednesday as markets focused on signs of progress in negotiations between the United States and Iran aimed at ending the conflict and gradually reopening the Strait of Hormuz. Brent crude settled down $5.29, or 5.31%, at $94.29 per barrel, while U.S. West Texas Intermediate (WTI) crude fell $5.21, […]
Oil prices rose sharply Tuesday after U.S. military strikes in Iran undermined hopes for a near-term agreement between Washington and Tehran that could reopen shipping through the Strait of Hormuz and ease global supply disruptions. Brent crude climbed $3.44, or 3.6%, to settle at $99.58 per barrel. U.S. West Texas Intermediate (WTI) crude, however, fell […]