
Petroleum Daily Report 2-6-2023
Oil prices rose slightly today but hovered near three week lows as fears of slower growth in major economies causes demand worries.
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 rose slightly today but hovered near three week lows as fears of slower growth in major economies causes demand worries.

Oil prices were lower today, falling to three-week lows even as job growth accelerated sharply

Prices slumped after data was released showing orders for industrial equipment and other machinery fell.

Oil prices were hit hard today after EIA data showed big builds in crude inventories.

Oil prices fell again today extending last week’s losses as this week’s Federal Reserve meeting looms.

Oil prices fell again today extending last week’s losses as this week’s Federal Reserve meeting looms

Indications are that will strong Russian oil supply could offset some of the bullish fundamentals such as the recovery in Chinese demand.

Oil prices were higher today, rising 2% on expectations of rising global demand.

Oil prices were steady today after yesterday’s rout, supported by smaller than expected build in crude inventories

Oil prices were lower today on concerns about a global economic slowdown