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 rose slightly on Friday amid reports that Iran was planning a retaliatory strike on Israel from Iraq, though record U.S. oil production limited gains. Brent crude increased by 29 cents, or 0.4%, to settle at $73.10 a barrel, while WTI crude rose 23 cents, or 0.3%, to $69.49. Despite early-session gains of over […]
Oil prices surged on Thursday, jumping over $2 a barrel in post-settlement trading after reports suggested that Iran might launch an attack on Israel from Iraqi territory in the coming days. Brent crude futures rose $2.10, or 2.91%, to $74.26, while WTI crude climbed $2.15, or 3.13%, to $70.76. Reports indicate the attack, expected to […]
Oil prices rebounded on Wednesday, rising more than 2% following unexpected declines in U.S. crude and gasoline inventories. Brent crude futures settled up $1.43, or 2.01%, at $72.55 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.40, or 2.08%, to $68.61. The Energy Information Administration reported that U.S. gasoline stockpiles fell to a […]
Oil prices closed slightly lower on Tuesday, following a steep 6% drop on Monday, as reports surfaced of potential diplomatic efforts in the Middle East. Brent crude futures fell 30 cents, or 0.4%, to settle at $71.12 a barrel, while U.S. West Texas Intermediate (WTI) crude slipped 17 cents, or 0.3%, to $67.21 a barrel. […]
Oil prices plummeted over 6% on Monday after Israel’s retaliatory strikes against Iran targeted military sites rather than oil or nuclear facilities, alleviating fears of disruptions to energy supplies. Brent crude fell $4.63, or 6.09%, to settle at $71.42 a barrel, while U.S. West Texas Intermediate (WTI) dropped $4.40, or 6.13%, closing at $67.38 a […]
Oil prices closed higher on Friday, rising 2.25% to settle at $76.05 per barrel for Brent crude and 2.27% to $71.78 for U.S. West Texas Intermediate (WTI) crude. These gains contributed to a 4% weekly increase for Brent and a 3.7% rise for WTI. Investors assessed geopolitical risks from the ongoing Middle East conflict and […]
Oil prices eased about 1% in volatile trade on Thursday following reports that the U.S. and Israel are attempting to restart talks on a potential ceasefire in Gaza. “(The) energy complex continues to zig and zag as Middle East risk premium expands and contracts almost daily,” analysts at energy advisory firm Ritterbusch and Associates said […]
Oil prices dropped on Wednesday due to higher-than-expected U.S. crude inventory builds, despite ongoing concerns about the Middle East conflict keeping prices elevated earlier in the week. Brent crude futures fell by $1.08, or 1.42%, settling at $74.96 per barrel, while U.S. West Texas Intermediate crude futures dropped by $1.32, or 1.83%, to $70.77 per […]
Oil prices continued to climb for the second straight session on Tuesday, driven by doubts over the potential for a Middle East ceasefire and optimism about increasing demand from China. Brent crude futures for December delivery increased by $1.75 (2.4%) to settle at $76.04 per barrel, while U.S. West Texas Intermediate (WTI) crude futures for […]
Oil prices rebounded on Monday, settling nearly 2% higher after last week’s significant losses. Brent crude futures rose by $1.23 (1.68%) to $74.29 per barrel, while U.S. West Texas Intermediate (WTI) futures increased by $1.34 (1.94%) to $70.56 per barrel. These gains come after both benchmarks dropped over 7% last week, their largest weekly losses […]