
Petroleum Daily Report 3-7-2023
Oil prices sank today along with other financial markets in a risk off session led by rate hike fears
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 sank today along with other financial markets in a risk off session led by rate hike fears

Oil prices were slightly higher today, bouncing back from earlier losses.

Oil prices rose today, boosted by signs of a stronger economic rebound in China and easing worries of aggressive US rate hikes

Manufacturing activity in China grew last month at the fastest pace in more than a decade. Meanwhile, imports of Russian seaborne crude…

Oil prices were higher today despite a build in crude inventories. WTI traded up $0.64 to close at $77.69.

Oil prices were stronger today erasing yesterday’s losses as Chinas economic recovery seems to be picking up steam

Oil prices slid today as strong US economic data increased worries about future rate hikes.

Oil prices were mostly flat week over week edging higher today in a volatile session after both contracts were initially down over $1.

Oil prices settled higher Thursday on expectations of steep cuts to Russian production next month.

A stronger US$ weighed on the market today as the Feds are expected to tighten monetary policy to bring inflation under control