Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Brent crude settled at $95.03 per barrel, down $2.78 (2.8%), while West Texas Intermediate (WTI) crude fell $2.98 (3.1%) to close at $93.04 per barrel. The decline followed news that Israel and Lebanon had agreed to implement a ceasefire, raising expectations that broader regional negotiations could gain momentum. Iran has previously linked progress in its […]
Brent crude settled at $97.81 per barrel, up $1.81 (1.9%), while West Texas Intermediate (WTI) crude gained $2.26 (2.4%) to close at $96.02 per barrel. The advance built on Tuesday’s gains as traders reassessed the likelihood of a near-term resolution to the conflict. Geopolitical tensions intensified after Iran launched ballistic missile attacks toward Kuwait and […]
Brent crude settled at $96.00 per barrel, up $1.02 (1.1%), while West Texas Intermediate (WTI) crude increased $1.60 (1.7%) to close at $93.76 per barrel. Market participants remained focused on developments in the Iran conflict and the status of the Strait of Hormuz, a critical shipping route that normally handles roughly 20% of global oil […]
Brent crude settled at $94.98 per barrel, up $3.86, or 4.2%, while U.S. West Texas Intermediate (WTI) crude gained $4.80, or 5.5%, to close at $92.16 per barrel. Both benchmarks had risen more than 6% during the session before trimming gains later in the day. Iran’s Tasnim News Agency reported that Tehran and its regional […]
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“May you live all the days of your life.” – Jonathan Swift Jobs Update Initial jobless claims seasonally adjusted for the week ending May 23, 2026 came in at 215,000, versus the adjusted number of 210,000 people from the week prior, up 5,000 people week over week. Continuing jobless claims came in at 1,786,000, versus […]
Brent crude for July delivery, which expired Friday, settled at $92.05 per barrel, down $1.66, or 1.8%. U.S. West Texas Intermediate (WTI) crude fell $1.54, or 1.7%, to close at $87.36 per barrel. The three-month conflict has repeatedly produced expectations of a breakthrough that would reopen the Strait of Hormuz, a critical shipping lane that […]
Oil prices ended mixed on Thursday after another volatile trading session, as traders weighed conflicting signals surrounding efforts to extend the fragile ceasefire between the United States and Iran. Brent crude for July delivery, which expires Friday, settled down 58 cents, or 0.6%, at $93.71 per barrel. The more actively traded August Brent contract, however, […]
Oil prices tumbled more than 5% on Wednesday as markets focused on signs of progress in negotiations between the United States and Iran aimed at ending the conflict and gradually reopening the Strait of Hormuz. Brent crude settled down $5.29, or 5.31%, at $94.29 per barrel, while U.S. West Texas Intermediate (WTI) crude fell $5.21, […]
Oil prices rose sharply Tuesday after U.S. military strikes in Iran undermined hopes for a near-term agreement between Washington and Tehran that could reopen shipping through the Strait of Hormuz and ease global supply disruptions. Brent crude climbed $3.44, or 3.6%, to settle at $99.58 per barrel. U.S. West Texas Intermediate (WTI) crude, however, fell […]