
Petroleum Daily Report 4-19-2023
On the back of a rising U.S. dollar and the fear of another U.S. rate increase oil declined today despite a draw in crude oil inventories
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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On the back of a rising U.S. dollar and the fear of another U.S. rate increase oil declined today despite a draw in crude oil inventories

Oil prices were mostly flat for the day as bullish economic data from China was offset by interest rate hike fears.

Oil prices were lower today on a stronger dollar and possible interest rate hikes next month.

Oil prices rose today, notching another week of week over week gains for the fourth straight week in a row.

Oil prices were lower today as an OPEC report stoked summer demand worries and led traders to take profits.

Oil prices were higher today, rising to their highest level in more than a month as US inflation numbers cooled today.

Oil prices rose today as sentiment was more bullish today with the Fed ending its tightening cycle.

Oil prices were lower today after three straight weeks of gains as economic and interest rate concerns outweigh supply side fundamentals.

Oil prices closed slightly higher today notching the 3rd straight week of gains.

Oil prices were unchanged today despite a larger than expected crude oil draw.