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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Oil prices pulled back from near seven-month highs on Tuesday, as signs of progress in U.S.–Iran nuclear diplomacy eased some of the geopolitical risk premium that had been driving crude prices higher. Brent crude futures fell 72 cents, or 1%, to $70.77 a barrel, while U.S. West Texas Intermediate slid 68 cents, or 1%, to […]
Oil prices edged lower on Monday but held near six-month highs as traders positioned ahead of a third round of nuclear talks between the United States and Iran, while also grappling with renewed economic uncertainty following fresh upheaval around U.S. tariff policy. Brent crude settled down 27 cents, or 0.38%, at $71.49 a barrel, while […]
Brent crude edged higher in late-day short-covering on Friday as investors weighed the risk of potential U.S. military action against Iran, while WTI finished marginally lower in a volatile session dominated by geopolitical uncertainty. Brent settled up 10 cents, or 0.14%, at $71.76 a barrel, while U.S. West Texas Intermediate slipped 4 cents, or 0.06%, […]
Brent crude settled up $1.31, or 1.9%, at $71.66 a barrel, its highest close since late July. U.S. West Texas Intermediate rose $1.24, or 1.9%, to $66.43, the strongest finish since early August. The gains followed Wednesday’s more than 4% rally, as geopolitical risk continued to dominate market direction. Traders pointed to mounting military activity […]
Oil prices surged over 4% on Wednesday as geopolitical tensions re-intensified, with traders pricing in potential supply disruptions tied to U.S.–Iran friction and stalled Russia-Ukraine peace talks. Brent crude settled up $2.93, or 4.35%, at $70.35 a barrel, while U.S. West Texas Intermediate rose $2.86, or 4.59%, to $65.19. Both benchmarks posted their highest settlements […]
Oil prices fell about 2% on Tuesday to their lowest levels in roughly two weeks as signs of progress in U.S.–Iran nuclear talks eased fears of an immediate supply disruption. Brent crude settled down $1.23, or 1.8%, at $67.42 a barrel, while U.S. West Texas Intermediate declined 56 cents, or 0.9%, to $62.33. It was […]
Oil prices finished slightly higher on Friday after a broad slowdown in U.S. inflation helped offset concerns about rising supply and signs that OPEC+ members are considering stepping up production. Brent crude futures rose 23 cents, or about 0.3%, to $67.75 a barrel, while U.S. West Texas Intermediate edged up 5 cents, or 0.1%, to […]
Oil prices fell sharply on Thursday, reversing earlier gains as data and forecasts pointed to weaker demand and expectations of rising supply. Brent crude settled at $67.52 a barrel, down $1.88 or about 2.7%, while U.S. West Texas Intermediate finished at $62.84, down about $1.79 or 2.8%. The drop came after the International Energy Agency […]
Oil prices rose on Wednesday as investors weighed renewed geopolitical tension between the United States and Iran against a sharp increase in U.S. crude inventories. Brent crude futures settled up 60 cents, or 0.87%, at $69.40 per barrel. U.S. West Texas Intermediate crude gained 67 cents, or roughly 1.05%, to settle at $64.63. Prices found […]
Oil prices were little changed on Tuesday as traders stayed sidelined, waiting for clearer signals from U.S.–Iran diplomacy, developments around Russia’s war in Ukraine, and upcoming U.S. economic and inventory data. Brent crude settled down 24 cents, or 0.3%, at $68.80 a barrel, while WTI fell 40 cents, or 0.6%, to $63.96. Analysts said crude […]