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 futures slipped on Monday, retreating from multi-week highs due to weaker-than-expected consumer spending in China and investor caution ahead of the U.S. Federal Reserve’s interest rate decision. Brent crude fell 58 cents (0.8%) to settle at $73.91 a barrel, while U.S. West Texas Intermediate (WTI) dropped 58 cents (0.8%) to $70.71. Both benchmarks had […]
Oil prices climbed about 2% on Friday, reaching a three-week high on expectations of tighter supplies from sanctions on Russia and Iran, and optimism that lower interest rates in Europe and the U.S. could boost fuel demand. Brent crude settled at $74.49, up $1.08 (1.5%), while U.S. West Texas Intermediate (WTI) rose $1.27 (1.8%) to […]
Oil prices saw minimal movement on Thursday, balancing concerns over ample supply with optimism for a potential Federal Reserve rate cut. Brent crude settled at $73.41, down $0.11 or 0.15%, while U.S. West Texas Intermediate (WTI) closed at $70.02, declining $0.27 or 0.38%. The International Energy Agency (IEA) revised its 2024 demand outlook slightly upward […]
Oil prices climbed over $1 on Wednesday, buoyed by the European Union’s agreement on a new sanctions package targeting Russian oil flows, which could tighten global crude supply. Brent crude rose $1.33 (1.84%) to settle at $73.52 per barrel, while U.S. West Texas Intermediate increased $1.70 (2.48%) to $70.29. The EU’s 15th sanctions package focuses […]
Oil prices rose modestly on Tuesday as markets focused on increased Chinese demand and potential European supply tightness for the winter. Brent crude settled at $72.19 per barrel, up 5 cents (0.07%), while U.S. West Texas Intermediate closed at $68.59, gaining 22 cents (0.32%). This followed more than 1% gains for both benchmarks on Monday. […]
Oil prices rose over 1% on Monday, supported by heightened geopolitical risks following the ousting of Syrian President Bashar al-Assad and indications that China may adopt a looser monetary policy for the first time since 2010. Brent crude gained $1.02, or 1.4%, settling at $72.14 per barrel, while WTI crude increased $1.17, or 1.7%, to […]
Oil prices fell over 1% on Friday, marking weekly declines as supply surplus forecasts for 2025 overshadowed OPEC+’s decision to delay output hikes and extend production cuts through 2026. Brent crude dropped 97 cents (1.4%) to settle at $71.12 per barrel, while WTI crude declined $1.10 (1.6%) to $67.20. For the week, Brent lost 2.5%, […]
Oil prices declined on Thursday as investors balanced OPEC+ delaying its output increase against expectations of ample supply in 2025. Brent crude fell 22 cents (0.3%) to $72.09 per barrel, while WTI crude dropped 24 cents (0.35%) to $68.30. OPEC+ announced it would begin unwinding its 2.2 million bpd cuts in April 2025, with monthly […]
Oil futures fell sharply on Wednesday as investors awaited the OPEC+ decision on production cuts, with Brent crude dropping $1.31 (1.78%) to $72.31 per barrel and WTI crude declining $1.40 (2%) to $68.54. This followed Tuesday’s gains, where Brent rose 2.5%. OPEC+ is expected to extend output cuts until the end of Q1 2025, with […]
Oil prices surged over 2% on Tuesday as geopolitical tensions and expectations of extended OPEC+ supply cuts boosted the market. Brent crude rose $1.79 (2.5%) to settle at $73.62 per barrel, marking its largest gain in two weeks. U.S. WTI increased by $1.84 (2.7%) to close at $69.94, the highest daily rise since November 18. […]