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 rose on Monday, settling at their highest levels in seven weeks, as concerns grew that Iranian oil exports could decline amid a government crackdown on anti-government protests. Brent crude futures gained 53 cents, or 0.8%, to settle at $63.87 per barrel, while U.S. West Texas Intermediate crude rose 38 cents, or 0.6%, to […]
Oil prices rose about 2% on Friday, supported by growing concerns about supply disruptions amid intensifying unrest in Iran and continued geopolitical tension in Russia’s war in Ukraine. Brent crude futures settled $1.35 higher, or 2.18%, at $63.34 per barrel, while U.S. West Texas Intermediate (WTI) crude gained $1.36, or 2.35%, to $59.12 a barrel. […]
Oil prices climbed more than 3% on Thursday, rebounding after two days of losses, as investors assessed developments in Venezuela and monitored supply risks from Russia, Iraq, and Iran. Brent crude futures rose $2.03, or 3.4%, to settle at $61.99 a barrel, while U.S. West Texas Intermediate (WTI) crude gained $1.77, or 3.2%, to settle […]
Oil prices eased on Wednesday as traders absorbed news of a new U.S.–Venezuelan crude arrangement that could add barrels to the world’s largest consuming market, reinforcing expectations of abundant supply in 2026. Brent crude futures closed down 74 cents, or 1.2%, at $59.96 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $1.14, or […]
Oil prices fell on Tuesday as markets weighed expectations of ample global supply in 2026 against uncertainty surrounding Venezuelan crude output following the U.S. capture of President Nicolas Maduro. Brent crude settled down $1.06, or 1.7%, at $60.70 a barrel, while U.S. West Texas Intermediate fell $1.19, or 2.0%, to $57.13. Analysts said supply conditions […]
Oil prices edged lower on the first trading day of 2026, extending last year’s steep losses as investors continued to weigh persistent oversupply concerns against ongoing geopolitical risks. Brent crude settled down 10 cents at $60.75 a barrel, while U.S. West Texas Intermediate eased by the same amount to $57.32. Markets opened the year cautiously […]
Oil prices ended the year on a weaker note, capping a sharp annual decline as expectations for a sustained global oversupply outweighed a year dominated by geopolitical conflict, sanctions, and shifting trade policy. Brent crude finished the final trading session of the year at $60.85 per barrel, down 0.8% on the day, while U.S. West […]
Oil prices were little changed after a volatile Tuesday session as traders balanced fading expectations for a Russia–Ukraine peace agreement against rising geopolitical tensions in the Middle East, particularly around Yemen. Brent crude for February delivery edged slightly lower to $61.92 per barrel, while U.S. West Texas Intermediate settled at $57.95. The market consolidated after […]
Oil prices climbed more than $1 a barrel on Monday, supported by rising geopolitical tensions tied to Russia, Ukraine and the Middle East, as traders reassessed near-term supply risks. Brent crude gained $1.30, or 2.1%, to settle at $61.94 a barrel, while U.S. West Texas Intermediate rose $1.34, or 2.4%, to $58.08. The move higher […]
Oil prices fell sharply on Friday, sliding more than 2% as concerns about a deepening global supply surplus outweighed recent geopolitical support. Brent crude declined $1.60, or 2.6%, to $60.64 a barrel, while WTI dropped $1.61, or 2.8%, to $56.74. Despite a rebound earlier in the week, both benchmarks remain on pace for their worst […]