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 fell over 2% on Wednesday after U.S. President Donald Trump took initial steps toward diplomacy to resolve the Ukraine war.. Brent crude settled down $1.82 (2.36%) at $75.18 per barrel, while WTI dropped $1.95 (2.66%) to $71.37 per barrel. This decline followed a three-day rally, during which Brent rose 3.6% and WTI gained […]
Oil prices climbed to a two-week high on Tuesday, driven by sanctions on Russian and Iranian crude exports and escalating Middle East tensions, despite concerns that trade tariffs could slow global growth and energy demand. Brent crude settled at $77.00 per barrel, up $1.13 (1.5%), while WTI rose to $73.32 per barrel, gaining $1.00 (1.4%), […]
Oil prices climbed nearly 2% on Monday following three consecutive weeks of losses, despite lingering concerns over a potential trade war initiated by U.S. President Donald Trump. Brent crude settled at $75.87 per barrel, up $1.21 (1.6%), while WTI rose to $72.32 per barrel, gaining $1.32 (1.9%). This rebound comes after a 2.8% drop last […]
Oil prices rose on Friday following the imposition of new U.S. sanctions on Iran’s crude exports, but declined for the week as concerns over President Donald Trump’s escalating trade war with China and potential tariffs on other countries weighed on the market. Brent crude settled at $74.66 per barrel, up $0.37 (0.5%), while WTI closed […]
Oil prices declined on Thursday as President Donald Trump reaffirmed his commitment to increasing U.S. oil production, unsettling traders after a sharp rise in U.S. crude inventories. Brent crude fell $0.32 (0.4%), settling at $74.29 per barrel, while WTI dropped $0.42 (0.6%) to $70.61 per barrel. Trump’s push to boost production aims to lower energy […]
Oil prices dropped over 2% on Wednesday as U.S. crude and gasoline stockpiles saw a significant build, indicating weaker demand, while escalating U.S.-China trade tensions raised concerns over economic growth. Brent crude fell $1.59 (2.09%) to $74.61 per barrel, while U.S. West Texas Intermediate (WTI) dropped $1.67 (2.3%) to $71.03 per barrel. The Energy Information […]
On Tuesday, oil prices settled mixed as markets reacted to heightened U.S.-China trade tensions and President Donald Trump’s reinstatement of his “maximum pressure” campaign on Iran. U.S. West Texas Intermediate (WTI) crude fell $0.46 (0.63%) to $72.70 per barrel, while global benchmark Brent crude edged up $0.24 (0.32%) to $76.20 per barrel. Earlier in the […]
Oil prices experienced volatile trading on Monday, initially rising over $1 per barrel before closing at a one-month low as markets reacted to U.S. President Donald Trump’s planned tariffs on Canada, Mexico, and China. The April Brent crude contract settled at $75.96 per barrel, up $0.29 (0.4%), while U.S. West Texas Intermediate (WTI) crude rose […]
Oil prices eased on Friday, capping a second consecutive week of losses, as investors awaited the implementation of U.S. tariffs on Canadian and Mexican imports, set to take effect on Saturday. Brent crude futures for March delivery, which expired on Friday, settled down $0.11 at $76.76 per barrel, while the more actively traded April contract […]
Oil prices inched higher on Thursday, tempered by concerns over impending U.S. tariffs on Canadian and Mexican crude imports set to take effect this weekend. Brent crude rose $0.29 (0.4%) to $76.87 per barrel, while U.S. crude edged up $0.11 (0.2%) to $72.73, slightly recovering from Wednesday’s lowest settlement of the year. Market jitters grew […]