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 drifted lower on Thursday as the Trump administration intensified its push for Ukraine to consider a U.S.-drafted peace framework with Russia, raising the prospect of reduced geopolitical risk and eventually higher Russian oil flows. Brent slipped 13 cents to $63.38, while WTI fell 30 cents to $59.14. Prices had been higher earlier in […]
Oil prices fell on Wednesday as renewed diplomatic pressure from Washington to push Ukraine toward a negotiated end to the war raised the possibility of higher Russian oil flows returning to the market. Brent settled $1.38 lower at $63.51, while WTI fell $1.30 to $59.44, with both benchmarks down 2.1%. Sources said the U.S. has […]
Oil prices ended higher on Tuesday after a volatile session, with traders weighing the impact of Western sanctions on Russian oil flows alongside fresh signals on U.S. monetary policy. Brent settled up $0.69 at $64.89, while WTI added $0.83 to close at $60.74. Prices briefly jumped more than a dollar in afternoon trading after President […]
Oil prices eased slightly on Monday as export operations resumed at Russia’s Black Sea hub of Novorossiisk after a two-day suspension, easing immediate supply concerns triggered by last week’s Ukrainian drone strikes. Brent crude settled $0.19 lower at $64.20 per barrel, while WTI fell $0.18 to $59.91. Both benchmarks had gained more than 2% on […]
Oil prices climbed more than 2% on Friday as a Ukrainian drone strike on Russia’s Black Sea energy hub forced the port of Novorossiisk to halt exports, raising fresh concerns about global supply. Brent crude settled $1.38 higher at $64.39 per barrel, while WTI gained $1.40 to $60.09 per barrel. On the week, Brent rose […]
Oil prices steadied on Thursday after a sharp drop in the prior session, as traders balanced concerns of a growing global supply surplus with the prospect of short-term export disruptions tied to new U.S. sanctions on Russia’s Lukoil. Brent crude settled $0.30 higher at $63.01 per barrel, while WTI rose $0.20 to $58.69 per barrel. […]
Oil prices fell sharply on Wednesday, retreating more than 3% as a new OPEC outlook signaled that global supply and demand are expected to reach balance in 2026 — a shift from previous projections of a deficit. Brent crude settled $2.45 lower at $62.71 per barrel, while WTI declined $2.55 to $58.49. Both benchmarks posted […]
Oil prices climbed on Tuesday, supported by continued fallout from new U.S. sanctions on Russian energy firms and optimism surrounding progress to end the U.S. government shutdown. Gains, however, remained limited by expectations of persistent oversupply. Brent crude settled $1.10 higher at $65.16 a barrel, up 1.7%, while WTI rose $0.91 to $61.04, up 1.5%. […]
Oil prices settled higher on Monday as traders weighed potential supply disruptions stemming from new U.S. sanctions and continued Ukrainian drone attacks on Russian energy infrastructure. Expectations of a global crude surplus, however, kept gains contained. Brent crude rose $0.43, or 0.7%, to $64.06 per barrel, while WTI gained $0.38, or 0.6%, to close at […]
Oil prices recovered on Friday, rebounding from midday losses as markets reacted to reports that Hungary may continue using Russian crude oil following a White House meeting between U.S. President Donald Trump and Hungarian Prime Minister Viktor Orban. Brent crude settled up 25 cents, or 0.39%, at $63.63 per barrel, while WTI gained 32 cents, […]