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 declined on Wednesday, settling lower after paring steeper intraday losses, as markets reacted to ongoing diplomatic developments surrounding the conflict in the Persian Gulf. Brent crude settled at $102.22 per barrel, down $2.27 or 2.2%, while U.S. West Texas Intermediate (WTI) crude settled at $90.32 per barrel, down $2.03 or 2.2%. Earlier in the […]
Oil prices rebounded on Tuesday as the largest global crude supply disruption remained in place and Iran denied engaging in negotiations with the United States, contradicting statements suggesting a potential near-term resolution to the conflict. Brent crude settled at $104.49 per barrel, up $4.55 or 4.55%, while U.S. West Texas Intermediate (WTI) crude settled at […]
Oil prices declined sharply on Monday, with both benchmarks falling by roughly 11%, after the U.S. announced a five-day delay in potential military strikes on Iranian power infrastructure and pointed to constructive diplomatic discussions aimed at de-escalating the conflict. Brent crude settled at $99.94 per barrel, down $12.25 or 10.9%, while U.S. West Texas Intermediate […]
Oil prices surged on Friday, settling at their highest levels in nearly four years, as Iraq declared force majeure on all oilfields operated by foreign companies and geopolitical tensions escalated, with the U.S. preparing to deploy additional Marines and naval forces to the Middle East. Brent crude for May delivery settled at $112.19 per barrel, […]
Brent crude rose on Thursday, settling at $108.65 per barrel, up $1.27 or 1.18%. Earlier in the session, Brent reached a high of $119.13, approaching the 3½-year peak seen earlier in March. U.S. West Texas Intermediate (WTI) crude closed at $96.14 per barrel, down 18 cents or 0.19%, after earlier climbing nearly $4 to a […]
Oil prices climbed on Wednesday as escalating attacks on energy infrastructure across the Middle East heightened concerns over prolonged supply disruptions. Brent crude settled at $107.38 per barrel, up nearly $4, or 3.8%, while U.S. West Texas Intermediate (WTI) crude settled at $96.32, up 11 cents, or 0.1%. Brent briefly traded near $110 and has now […]
Oil prices rose on Tuesday as renewed Iranian attacks on energy infrastructure in the Middle East reignited supply concerns and underscored the risk of prolonged disruptions from the ongoing conflict. Brent crude settled at $103.42 per barrel, up $3.21, or 3.2%, while U.S. West Texas Intermediate (WTI) crude settled at $96.21, up $2.71, or 2.9%. […]
Oil prices fell on Monday as some vessels resumed transit through the Strait of Hormuz, easing immediate supply fears, although the waterway remains under heavy security risk amid the ongoing conflict. Brent crude settled at $100.21 per barrel, down $2.93, or 2.8%, while U.S. West Texas Intermediate (WTI) crude settled at $93.50, down $5.21, or […]
Oil prices moved higher on Friday as the Strait of Hormuz remained closed and supply disruptions across the Middle East continued to support the market, although analysts warned the weekend could bring unexpected developments in the conflict. Brent crude settled at $103.14 per barrel, up $2.68, or 2.67%, while U.S. West Texas Intermediate (WTI) crude […]
Oil prices surged on Thursday, settling at their highest levels in nearly four years, as Iran intensified attacks on oil and transportation infrastructure across the Middle East and vowed to keep the Strait of Hormuz closed. Brent crude settled at $100.46 per barrel, up $8.48, or 9.2%, while U.S. West Texas Intermediate (WTI) crude settled at […]