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 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, […]
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, […]
Oil prices surged by around 3% on Tuesday after Iran launched ballistic missiles at Israel, escalating tensions in the Middle East. Brent crude rose $1.86 (2.6%) to $73.56 a barrel, while U.S. WTI gained $1.66 (2.4%) to settle at $69.83. Earlier in the day, both benchmarks had jumped by over 5%. Fears of potential disruptions […]
Oil prices were largely unchanged on Monday but saw a significant 17% drop for the third quarter due to concerns over weak global demand. Brent crude futures for November delivery fell 21 cents to $71.77 per barrel, while the December contract gained 27 cents to $71.81. West Texas Intermediate (WTI) settled at $68.17, down 16% […]
Oil prices rose on Friday but ended the week lower, as investors balanced rising global supply expectations with new stimulus from China. Brent crude gained 38 cents (0.53%) to $71.89, and U.S. WTI rose 51 cents (0.75%) to $68.18, though both fell 3-5% over the week. China’s central bank cut interest rates, but concerns over […]
Oil prices dropped over 3% on Thursday after a report from the Financial Times suggested that Saudi Arabia, the top crude exporter, is preparing to abandon its $100 price target as it plans to increase output, along with other OPEC members, in December. Brent crude fell $1.86 (2.53%) to $71.60 a barrel, while U.S. West […]
Oil prices were higher lower today trading down as worries over supply disruptions in Libya eased and demand concerns persisted. Falling crude inventories and rising Mid-East tensions did provide some support. “A pending resolution to Libya’s central bank crisis would restore significant oil supply, while U.S. Gulf production outages are seen as very temporary,” said […]
Oil prices climbed about 2% on Tuesday, reaching a three-week high as China’s announcement of its largest monetary stimulus since the pandemic and growing conflict in the Middle East fueled concerns over oil supply disruptions. Brent crude rose $1.27, or 1.7%, to settle at $75.17 a barrel, the highest close since September 2, while U.S. […]