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 moved higher on Monday, with Brent crude rising 1.6% to settle at $73.15 per barrel and WTI gaining 2.2% to $70.75 per barrel, as renewed military exchanges between the U.S. and Iran highlighted the fragility of the interim peace agreement while continued improvements in oil shipments through the Strait of Hormuz limited further […]
Oil prices fell sharply on Friday, with Brent crude declining 4.3% to $71.99 per barrel and WTI dropping 3.7% to $69.23 per barrel, as improving oil flows through the Strait of Hormuz continued to ease supply concerns and reinforce expectations of a more balanced global market. For the week, Brent lost 10.9% while WTI declined […]
Oil prices rebounded on Thursday, with Brent crude rising 2.1% to settle at $75.26 per barrel and WTI increasing 2.3% to $71.92 per barrel, after concerns emerged that the recovery of Middle East oil flows may take longer than previously expected. The gains followed reports that a cargo vessel near the Strait of Hormuz was […]
Brent crude settled at $73.74 per barrel, down $3.34 (-4.3%), while West Texas Intermediate (WTI) crude settled at $70.34 per barrel, down $2.87 (-3.9%). During the session, Brent touched its lowest level since February 27, while WTI briefly traded below $70 per barrel for the first time since early March. Market sentiment was driven by […]
Brent crude settled at $77.08 per barrel, down $0.82 (-1.1%), while West Texas Intermediate (WTI) crude settled at $73.21 per barrel, down $0.65 (-0.9%). Both benchmarks touched their lowest levels in nearly four months during the trading session. Prices have trended lower since the United States granted Iran a 60-day sanctions waiver and negotiations advanced […]
Oil prices moved sharply lower on Monday as concerns over supply disruptions continued to ease following signs of progress in negotiations between the United States and Iran and the gradual reopening of the Strait of Hormuz. Market sentiment improved after U.S. Vice President JD Vance stated that negotiations were making progress and confirmed that the […]
Energy markets were mixed on Thursday as traders continued to assess the implications of the U.S.-Iran memorandum of understanding, which outlines a path toward reopening the Strait of Hormuz and restoring disrupted Middle Eastern oil exports. Expectations that additional barrels could gradually return to the market over the coming months continued to pressure crude prices, […]
Oil prices rebounded modestly on Wednesday after two consecutive sessions of heavy losses, as uncertainty surrounding the recently announced U.S.-Iran agreement prompted traders to reassess expectations for a lasting resolution to the conflict. Brent crude settled at $79.55 per barrel, up 59 cents or 0.75%, while West Texas Intermediate (WTI) crude rose 74 cents, or […]
Oil prices fell sharply for a second consecutive session on Tuesday, with both Brent crude and West Texas Intermediate (WTI) closing at three-month lows as additional details emerged regarding a preliminary agreement between the United States and Iran to end the conflict and restore shipping through the Strait of Hormuz. Brent crude settled at $78.96 […]
Oil prices fell nearly 5% on Monday, with both Brent crude and West Texas Intermediate (WTI) closing at their lowest levels since early March, after the United States and Iran signed a memorandum of understanding aimed at ending the conflict and reopening the Strait of Hormuz. Brent crude settled at $83.17 per barrel, down $4.16 […]