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 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 […]
Oil prices declined on Wednesday, with U.S. crude settling at its lowest level of the year, following a larger-than-expected rise in domestic crude stockpiles. Brent crude futures dropped $0.91 (1.2%) to $76.58 per barrel, while U.S. West Texas Intermediate (WTI) fell $1.15 (1.6%) to $72.62. The Energy Information Administration reported a 3.46 million-barrel increase in […]
Oil prices edged higher on Tuesday, recovering from multi-week lows, as the White House reaffirmed U.S. President Donald Trump’s plans to impose 25% tariffs on imports from Canada and Mexico starting Saturday. Brent crude futures rose $0.41 (0.53%) to $77.49 per barrel, while U.S. West Texas Intermediate (WTI) climbed $0.60 (0.82%) to $73.77. Despite these […]
Oil prices dropped about 2% to a two-week low on Monday, driven by news of Chinese startup DeepSeek’s energy-efficient AI model, raising concerns over energy demand for data centers. Brent crude fell $1.42 (1.8%) to $77.08 per barrel, and U.S. West Texas Intermediate (WTI) dropped $1.49 (2.0%) to $73.17, marking their lowest closes since Jan. […]
Oil prices edged slightly higher on Friday but posted a weekly decline, ending a four-week streak of gains. Brent crude futures settled up 21 cents (0.27%) at $78.50 per barrel, while U.S. West Texas Intermediate (WTI) rose 4 cents (0.05%) to $74.66. Despite these gains, Brent fell 2.8% for the week, and WTI dropped 4.1%. […]
Oil prices fell on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to lower oil costs during his address at the World Economic Forum. Brent crude settled down 71 cents (0.9%) at $78.29 per barrel, while U.S. West Texas Intermediate (WTI) dropped 82 cents (1.09%) to $74.62. Trump’s call for lower oil […]
Oil prices fell on Wednesday as markets assessed the potential impact of U.S. President Donald Trump’s proposed tariffs on global economic growth and energy demand. Brent crude declined by 29 cents (0.4%) to settle at $79.00 per barrel, while U.S. West Texas Intermediate (WTI) dropped 39 cents (0.5%) to $75.44. This marked Brent’s fifth consecutive […]
Oil prices fell on Tuesday, driven by concerns of oversupply and heightened U.S. output following President Donald Trump’s declaration of a national energy emergency on his first day in office. Brent crude futures dropped 86 cents (1.1%) to $79.29 per barrel, while U.S. West Texas Intermediate (WTI) for February delivery declined $1.99 (2.6%) to $75.89 […]
Oil prices fell on Friday, with Brent crude down 50 cents (0.6%) to $80.79 per barrel and U.S. West Texas Intermediate (WTI) crude dropping 80 cents (1%) to $77.88 per barrel. Despite the daily losses, both benchmarks posted weekly gains, with Brent up 1.3% and WTI climbing 1.7%. The market reacted to new U.S. sanctions […]
Oil prices dipped on Thursday, with Brent crude settling at $81.29 per barrel, down 74 cents (0.9%), and U.S. West Texas Intermediate (WTI) crude falling $1.36 (1.7%) to $78.68. This followed significant gains on Wednesday, where Brent and WTI hit their highest levels since July. Prices were pressured by expectations that Yemen’s Houthi militia would […]