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.
Crude oil prices fell more than 2% on Monday as investors took profits following two consecutive weeks of gains and largely shrugged off newly announced U.S. sanctions targeting Iran and its trading partners. Brent crude settled down $2.22, or 2.35%, at $92.17 per barrel, while WTI declined $2.05, or 2.35%, to settle at $85.01 per […]
Crude oil prices moved higher on Friday as the threat of additional U.S. sanctions against Iran and its trading partners raised concerns that global supplies could tighten further. Brent crude settled up $0.61, or 0.65%, at $94.39 per barrel, while WTI gained $0.23, or 0.26%, to settle at $87.06 per barrel. Both benchmarks posted strong weekly […]
Crude oil prices surged more than 2% on Thursday, settling at their highest levels in nearly a month as escalating geopolitical tensions and continued supply disruptions across the Middle East kept significant upward pressure on the market. Brent crude settled up $2.16, or 2.4%, at $93.78 per barrel, while WTI gained $2.00, or 2.3%, to […]
Crude oil prices moved higher on Wednesday, reaching their highest levels in nearly four weeks as escalating tensions in the Middle East and continued restrictions on shipping through the Strait of Hormuz kept supply concerns elevated. Brent crude settled up $0.60, or 0.7%, at $91.62 per barrel, while WTI gained $0.89, or 1.1%, to settle […]
Crude oil prices settled slightly higher on Tuesday, reaching their highest levels in more than three weeks as concerns over the future of the Strait of Hormuz and fading hopes for a near-term U.S.-Iran agreement continued to support prices. Brent crude settled up $0.15, or 0.17%, at $91.02 per barrel, while WTI gained $0.44, or […]
Crude oil prices climbed more than 2% on Monday as growing uncertainty surrounding diplomatic efforts to end the Iran conflict raised concerns over prolonged disruptions to global oil supplies. Brent crude settled up $2.35, or 2.65%, at $90.87 per barrel, while WTI gained $2.10, or 2.55%, to settle at $84.50 per barrel. Market attention remained […]
Crude oil prices moved higher on Friday as renewed attacks on tankers and a lack of progress toward a ceasefire between the United States and Iran kept supply concerns elevated. Brent crude settled up $1.45, or 1.67%, at $88.52 per barrel, while WTI gained $1.15, or 1.42%, to settle at $82.40 per barrel. The Strait […]
Crude oil prices settled sharply lower on Thursday as concerns over weakening global demand and a large build in U.S. crude inventories outweighed continued geopolitical risks across the Middle East and Black Sea. Brent crude settled down $1.91, or 2.15%, at $87.07 per barrel, ending a six-session winning streak, while WTI declined $2.02, or 2.40%, […]
Oil prices were little changed on Wednesday as continued attacks on shipping and stalled U.S.-Iran negotiations kept supply concerns elevated, while downward revisions to global oil demand forecasts limited further gains. Brent crude settled at $88.98 per barrel, up 7 cents, while WTI settled at $83.27, also up 7 cents. Market support came from growing […]
Oil prices moved higher on Tuesday as fading expectations for a U.S.-Iran peace agreement renewed concerns that disruptions to Middle Eastern oil supplies could persist. Brent crude settled at $88.91 per barrel, up $1.19, or 1.4%, while West Texas Intermediate (WTI) settled at $83.20, up $1.07, or 1.3%. Both benchmarks reached their highest closing levels […]