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 settled marginally lower, as investors weighed strong U.S. economic growth against persistent supply risks from Venezuela and Russia. Brent crude slipped 14 cents, or 0.2%, to $62.24 a barrel, while WTI eased 3 cents, or 0.1%, to $58.29. Despite the pullback, both contracts have rebounded roughly 6% since mid-December following a sharp selloff. […]
Oil prices settled modestly higher as markets balanced stronger-than-expected U.S. economic growth against mounting risks of supply disruptions from Venezuela and Russia. Brent crude rose 31 cents, or 0.5%, to $62.38 a barrel, while WTI gained 37 cents, or 0.6%, to $58.38. The move extended Monday’s rally, when Brent posted its biggest daily gain in […]
Oil prices settled sharply higher as geopolitical risks resurfaced, driven by U.S. enforcement actions against Venezuelan oil shipments and fresh disruptions linked to the Russia-Ukraine war. Brent crude climbed $1.60, or 2.7%, to $62.07 a barrel, while WTI advanced $1.49, or 2.6%, to $58.01. Support came after the U.S. Coast Guard attempted to intercept a […]
Oil prices edged higher as traders weighed the risk of supply disruptions tied to a potential U.S. blockade of Venezuelan tankers, while awaiting clarity on efforts to end the Russia-Ukraine war. Brent crude rose 65 cents, or 1.1%, to $60.47 a barrel, while WTI gained 51 cents, or 0.9%, to $56.66. Despite the day’s gains, […]
Oil prices inched higher on Thursday as investors weighed the potential for additional U.S. sanctions on Russia alongside supply risks from a blockade of Venezuelan oil tankers. Brent crude rose 14 cents to $59.82, while WTI gained 21 cents to $56.15. Traders are closely monitoring the Venezuelan blockade, which could shut in production if tankers […]
Oil prices rebounded more than 1% on Wednesday, driven by heightened geopolitical tensions after U.S. President Donald Trump ordered a blockade of all sanctioned oil tankers entering and leaving Venezuela. Brent crude rose 76 cents to settle at $59.68, while WTI gained 67 cents to $55.94. The move eased some concerns about a growing global […]
Oil prices settled at their lowest levels since early 2021 on Tuesday as markets continued to grapple with oversupply concerns and growing optimism that a Russia-Ukraine peace agreement could eventually lead to the easing of sanctions on Russian crude. Brent crude fell $1.64 to $58.92, while WTI dropped $1.55 to $55.27, with both benchmarks down […]
Oil prices moved lower on Monday as traders weighed supply disruptions tied to escalating U.S.–Venezuela tensions against persistent oversupply concerns and renewed optimism around a potential Russia-Ukraine peace agreement. Brent crude settled at $60.56, down $0.56, while WTI finished at $56.82, a decline of $0.62. Both benchmarks are coming off losses of more than 4% […]
Oil prices finished lower on Friday, capping a weekly decline of roughly 4% as persistent oversupply concerns and the prospect of a Russia-Ukraine peace agreement outweighed geopolitical tensions tied to Venezuela. Brent settled at $61.12, down $0.16, while WTI closed at $57.44, also down $0.16. Both benchmarks had already fallen about 1.5% on Thursday and […]
Oil prices moved lower on Thursday as traders focused on ongoing Russia-Ukraine peace negotiations and the continued buildup of U.S. fuel inventories. Brent settled at $61.28, down $0.93 (-1.49%), while WTI finished at $57.60, down $0.86 (-1.47%). Both benchmarks spent much of the session down nearly 2%, returning to levels last seen in October. Weakness […]