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 declined on Friday, with Brent crude falling by $1.39 (1.87%) to settle at $73.06 per barrel, and U.S. West Texas Intermediate (WTI) dropping by $1.45 (2.05%) to $69.22. Both benchmarks saw their steepest weekly declines since early September, with Brent down over 7% and WTI losing about 8%. Concerns over slowing economic growth […]
Oil prices edged up slightly on Thursday, recovering from recent two-week lows following data showing a drop in U.S. crude and fuel inventories. Brent crude rose by 23 cents (0.31%) to settle at $74.45 a barrel, while U.S. West Texas Intermediate (WTI) ended down 28 cents (0.4%) at $70.67. U.S. crude inventories fell by 2.2 […]
Oil prices dropped over 4% on Tuesday, hitting a near two-week low, due to a weakened demand outlook and a report indicating that Israel would not target Iranian nuclear or oil sites, alleviating concerns of supply disruptions. Brent crude fell $3.21 (4.14%) to $74.25 a barrel, while West Texas Intermediate (WTI) dropped $3.25 (4.4%) to […]
Oil prices dropped over 4% on Tuesday, hitting a near two-week low, due to a weakened demand outlook and a report indicating that Israel would not target Iranian nuclear or oil sites, alleviating concerns of supply disruptions. Brent crude fell $3.21 (4.14%) to $74.25 a barrel, while West Texas Intermediate (WTI) dropped $3.25 (4.4%) to […]
Oil prices dropped 2% on Monday as OPEC reduced its global oil demand growth outlook for 2024 and 2025, while China’s oil imports fell for the fifth consecutive month. Brent crude futures settled at $77.46 per barrel, down $1.58 (2%), and U.S. West Texas Intermediate (WTI) dropped $1.73 (2.29%) to $73.83. China, the world’s largest […]
Oil prices fell on Wednesday due to rising U.S. crude inventories, but concerns over potential Iranian supply disruptions from the Middle East conflict and Hurricane Milton limited losses. Brent crude settled at $76.58 per barrel, down 60 cents (0.8%), and WTI dropped 33 cents (0.5%) to $73.24. U.S. crude inventories increased by 5.8 million barrels […]
Oil prices dropped over 4% on Tuesday following news of a potential ceasefire between Hezbollah and Israel, which eased immediate concerns over regional conflict impacting oil supply. Brent crude futures fell $3.75, or 4.63%, to settle at $77.18 per barrel, while U.S. West Texas Intermediate (WTI) dropped $3.57, or 4.63%, to $73.57 per barrel. Both […]
Oil prices surged over 3% on Monday, with Brent crude rising above $80 per barrel for the first time since August, as escalating tensions in the Middle East spurred investor concerns over potential disruptions to oil supplies. Brent crude futures closed at $80.93 per barrel, up $2.88 or 3.7%, while U.S. West Texas Intermediate (WTI) […]
Oil prices climbed on Friday, marking their biggest weekly gains in over a year amid growing concerns of a wider conflict in the Middle East. Brent crude futures rose 0.6% to $78.05 per barrel, while U.S. West Texas Intermediate (WTI) crude gained 0.9% to settle at $74.38 per barrel. The weekly gains for Brent were […]
Oil prices rose slightly on Wednesday amid concerns that the escalating conflict between Iran and Israel could disrupt oil supplies from the Middle East. Brent crude increased by 34 cents (0.46%) to $73.90 per barrel, while U.S. West Texas Intermediate rose 27 cents (0.39%) to $70.10. The tension followed Iran’s largest-ever missile attack on Israel, […]