
Petroleum Daily Report 5-3-2023
Oil prices fell again today extending yesterday’s steep losses as the market fretted on economic woes.
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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Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.

Oil prices fell again today extending yesterday’s steep losses as the market fretted on economic woes.

Oil prices tanked today to five-week lows despite larger than anticipated crude draws.

Oil prices were lower today. Bad data out of the Chinese manufactures dampened sentiment today as manufacturing activity unexpectedly fell in April.

On Mobile? Click here to download the PDF Crude prices rose today, rallying after energy firms posted positive earnings including Exxon which had its best quarter on record. Despite the gains, both contracts were down week over week for the second week in a row. “The market was down much of the week on worries […]

Oil prices edged up slightly today after yesterday’s big loss.

On Mobile? Click here to download the PDF Oil prices sank today as recession fears are outweighing supply concerns even as crude inventories fell more than expected. EIA data showed crude inventories were down 5.1MM/bbls last week, much higher than the forecasted draw of 1.5MM/bbls. Gasoline and distillate stocks both also fell, sinking 2.4MM/bbls and […]

Oil prices were lower today, falling to the lowest this month after two sessions of gains.

Oil prices rose today, reversing earlier losses as the session turned more bullish on holiday travel in China

Oil prices closed higher today on strong economic data in the euro zone and Britain.

Oil prices slumped today to their lowest level since late March, dragged down by fears of a possible recession.