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 settled higher on Friday, edging to their highest levels in two weeks as expectations for a Federal Reserve rate cut strengthened and geopolitical uncertainty continued to shape supply outlooks. Brent gained $0.49 to settle at $63.75, while WTI finished $0.41 higher at $60.08. Both benchmarks logged weekly gains, with Brent up about 1% […]
Oil prices settled higher on Thursday as expectations for a Federal Reserve rate cut lifted sentiment, while stalled Ukraine peace negotiations reduced the likelihood of Russian oil returning to the market in the near term. Brent rose $0.59 to $63.26, and WTI gained $0.72 to close at $59.67. Crude futures briefly climbed more than a […]
Oil prices edged higher on Wednesday after U.S.–Russia negotiations failed to produce a breakthrough on ending the war in Ukraine, tempering expectations that sanctions on Moscow’s energy sector might soon be lifted. Brent rose $0.22 to settle at $62.67, while WTI gained $0.31 to close at $58.95, partially recovering from Tuesday’s pullback. Fresh inventory figures […]
Oil prices slipped on Tuesday as traders weighed renewed uncertainty around Russia-Ukraine peace efforts against persistent concerns about oversupply. Brent settled at $62.45, down $0.72, while WTI finished at $58.64, down $0.68. The declines came after both benchmarks gained more than 1% on Monday. The market focused on fresh diplomatic activity as President Putin met […]
Oil prices strengthened on Monday, climbing more than 1%, as traders reacted to renewed geopolitical risks and OPEC+’s decision to keep production targets unchanged through the first quarter of 2026. Brent settled at $63.17, up $0.79, while WTI finished at $59.32, up $0.77. The market found support from a combination of fresh Ukrainian drone attacks […]
Crude futures slipped modestly on Friday as the market continued to weigh geopolitical risk against signs of ample global supply, while traders looked ahead to Sunday’s OPEC+ meeting for direction on early-2026 production levels. Brent’s expiring January contract settled at $63.20, down $0.14, while the more active February contract ended at $62.38. WTI settled at […]
Oil prices finished higher on Wednesday, recovering from one-month lows as traders balanced ongoing oversupply concerns with renewed attention on Russia-Ukraine peace discussions ahead of the Thanksgiving holiday in the U.S. Brent settled at $63.13, up $0.65, while WTI rose $58.65, up $0.70 on the day. The latest U.S. inventory report showed a 2.8 million-barrel […]
Oil prices moved lower on Tuesday, extending recent weakness as markets reacted to signals that U.S. diplomatic efforts to negotiate an end to the Russia-Ukraine war may be gaining traction. Brent settled at $62.48, down 89 cents, while WTI slipped to $57.95 also down 89 cents, with traders weighing the possibility that any progress toward […]
Oil prices moved higher on Monday, recovering some of last week’s losses as traders grew more confident that the Federal Reserve may deliver another rate cut in December while doubts mounted over the likelihood of a Russia-Ukraine peace deal materializing anytime soon. Brent rose $0.81 to $63.37, and WTI gained $0.78 to $58.84, with both […]
Oil prices slipped on Friday, settling at one-month lows as markets reacted to Washington’s renewed push for a Russia-Ukraine peace framework and uncertainty around the direction of U.S. interest rates. Brent fell $0.82 to $62.56, while WTI lost $0.94 to $58.06, with both benchmarks down about 3% for the week and back to levels last […]