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 prices fell on Tuesday, driven by concerns of oversupply and heightened U.S. output following President Donald Trump’s declaration of a national energy emergency on his first day in office. Brent crude futures dropped 86 cents (1.1%) to $79.29 per barrel, while U.S. West Texas Intermediate (WTI) for February delivery declined $1.99 (2.6%) to $75.89 […]
Oil prices fell on Friday, with Brent crude down 50 cents (0.6%) to $80.79 per barrel and U.S. West Texas Intermediate (WTI) crude dropping 80 cents (1%) to $77.88 per barrel. Despite the daily losses, both benchmarks posted weekly gains, with Brent up 1.3% and WTI climbing 1.7%. The market reacted to new U.S. sanctions […]
Oil prices dipped on Thursday, with Brent crude settling at $81.29 per barrel, down 74 cents (0.9%), and U.S. West Texas Intermediate (WTI) crude falling $1.36 (1.7%) to $78.68. This followed significant gains on Wednesday, where Brent and WTI hit their highest levels since July. Prices were pressured by expectations that Yemen’s Houthi militia would […]
Oil prices rose sharply on Wednesday, with Brent crude settling up $2.11, or 2.64%, at $82.03 a barrel, its highest since August. U.S. West Texas Intermediate (WTI) climbed $2.54, or 3.28%, to $80.04, marking its highest close since July.The rally followed a significant drop in U.S. crude inventories to their lowest level since 2022, driven […]
Oil prices eased on Tuesday as the U.S. Energy Information Administration (EIA) forecast steady domestic oil demand in 2025 alongside a slight increase in supply projections. However, losses were limited by new U.S. sanctions targeting Russian oil exports to India and China. Brent crude dropped $1.09 (-1.35%) to settle at $79.92 per barrel, while WTI […]
Oil prices rose roughly 2% on Monday to reach a four-month high, driven by expectations that expanded U.S. sanctions on Russian oil would prompt major buyers like India and China to seek alternative suppliers. Brent crude gained $1.25 (+1.6%) to close at $81.01, its highest since August 26. WTI rose $2.25 (+2.9%) to settle at […]
Oil prices surged nearly 3% on Friday, reaching three-month highs as traders prepared for supply disruptions from the U.S.’s most comprehensive sanctions package targeting Russia’s oil and gas revenues. Brent crude settled at $79.45 (+$2.53, +3.3%), briefly surpassing $80, while WTI closed at $76.30 (+$2.38, +3.2%). Earlier in the session, both benchmarks gained over 4% […]
Oil prices climbed over 1% on Thursday, with Brent settling at $76.92 (+$0.76, +1%) and WTI at $73.92 (+$0.60, +0.82%), driven by heightened winter fuel demand amid cold weather in the U.S. and Europe. Analysts noted that for every degree Fahrenheit below the 10-year average, heating oil and propane consumption increases by 113,000 barrels per […]
On Wednesday, oil prices edged higher but gave up some earlier gains as the strengthening U.S. dollar exerted pressure on the market. Brent crude settled at $77.37 per barrel, up $0.32 (+0.42%), while U.S. West Texas Intermediate (WTI) rose $0.47 (+0.63%) to close at $74.72 per barrel. Both benchmarks had climbed over 1% earlier in […]
Oil prices rose on Tuesday, supported by concerns over supply disruptions from Russia and Iran due to Western sanctions and expectations of higher demand from China. Brent crude settled at $77.05 per barrel, up $0.75 (+0.98%), while U.S. West Texas Intermediate (WTI) closed at $74.25 per barrel, up $0.69 (+0.94%). Traders cited tight post-holiday supplies […]