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.
For additional insights into commodity markets or inquiries regarding RIN data, please contact PFL Petroleum at 239-390-2885.
Oil prices were lower today as traders were focused on market fundamentals seeing little near term risk of a flare up in Middle East tensions. “The fundamentals on oil are strong,” Flynn said. “The expectation is the markets are going to tighten this summer on the supply side.” Economic concerns have again become a bearish […]
Oil prices were slightly higher today, posting a weekly decline after the Middle East risk premium came out of prices. Both benchmarks spiked more than $3 a barrel earlier in the session after explosions were heard in the Iranian city of Isfahan in what sources described as an Israeli attack. However, the gains were capped […]
Oil prices remained near a three-week low as investors assessed mixed U.S. economic data, U.S. sanctions on Venezuela and Iran, and easing tensions in the Middle East. Increased interest in energy trading lifted open interest in Brent futures to its highest level since February 2021. In the U.S., unchanged unemployment claims suggested ongoing labor market […]
Oil prices were lower again today settling down over 3% on the day as commercial crude inventories rose. Oil prices have also continued to soften as economic headwinds curbed gains from geopolitical tensions. “The market was waiting to sell off on indications of calming of tensions in the Middle East … progress on these bills […]
– On Mobile? Click here to download the PDF
Oil prices actually slipped lower today despite the attack on Israel over the weekend as the event proved less damaging than originally anticipated. Both benchmarks had risen Friday with anticipation of Iran’s assault pushing prices to their highest level since October. “The success of the Israeli defense implies that the geopolitical risk has pulled back […]
Oil prices were higher today but still posted a week over week loss as tensions in the Middle East have helped support prices. “The market’s main focus is on whether Iran will retaliate against Israel,” said Andrew Lipow, president of Lipow Oil Associates, with the fear of supply disruption associated with the events in the […]
Oil prices were lower today as inflation remained persistently higher causing worries about Fed rate cuts. Minutes from the U.S. Federal Reserve showed officials worried that progress on inflation might have stalled and a longer period of tight monetary policy would be needed. Investors who had expected a rate cut in June now see September […]
Oil prices were higher today trading up as Middle East tensions continue to flare up. The market saw some potential in negotiations over the last several days but is now concerned again that other countries could be drawn into the conflict. In the western hemisphere Mexico decided to curb crude exports in order to supply […]
Oil prices were lower today for a second day as ceasefire talks in the middle east continue. On Monday, Brent posted its first decline in five sessions and WTI its first in seven as a fresh round of Israel-Hamas ceasefire discussions in Cairo raised hopes of a breakthrough. “Without an end to the conflict, there […]