Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
“You cannot over-invest in communication skills.” — Indra Nooyi Jobs Update Initial jobless claims seasonally adjusted for the week ending May 16, 2026 came in at 209,000, versus the adjusted number of 212,000 people from the week prior, down 3,000 people week over week. Continuing jobless claims came in at 1,782,000, versus the adjusted number […]
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Bent crude futures settled up 96 cents, or 0.94%, at $103.54 a barrel, while U.S. West Texas Intermediate crude gained 25 cents, or 0.26%, to close at $96.60 a barrel. Despite Friday’s rebound, both contracts posted weekly losses amid continued volatility driven by shifting expectations surrounding U.S.-Iran negotiations. Brent fell 5.48% for the week, while WTI […]
Brent crude futures settled down $2.44, or 2.3%, at $102.58 a barrel, while U.S. West Texas Intermediate crude fell $1.91, or 1.9%, to close at $96.35 a barrel. Both benchmarks ended at their lowest levels in nearly two weeks. Earlier in the session, prices surged as much as 4% after Iran’s supreme leader had issued a […]
Oil prices fell about 6% on Wednesday after U.S. President Donald Trump said negotiations with Iran were entering their final stages, raising hopes for a potential easing of tensions in the Middle East. Even so, investors remained cautious as major disruptions to regional oil supplies continued. Brent crude futures settled down $6.26, or 5.63%, at […]
Oil prices settled lower on Tuesday after U.S. Vice President JD Vance said Washington and Tehran had made progress in negotiations, easing some fears of an immediate escalation in the Iran conflict. “We think that we’ve made a lot of progress. We think the Iranians want to make a deal,” Vance told reporters during a White […]
Oil prices climbed about 3% to a two-week high in volatile trading on Monday as concerns over prolonged supply disruptions from the Iran war outweighed reports that the United States may temporarily waive sanctions on Iranian crude during ongoing negotiations. Brent crude futures for July delivery rose $2.84, or 2.6%, to settle at $112.10 per barrel, […]
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“Happiness and moral duty are inseparably connected.” – George Washington Jobs Update Initial jobless claims seasonally adjusted for the week ending May 9, 2026 came in at 211,000, versus the adjusted number of 199,000 people from the week prior, up 12,000 people week over week. Continuing jobless claims came in at 1,782,000, versus the adjusted […]
Brent crude futures settled at $109.26 per barrel, up $3.54, or 3.35%, while U.S. West Texas Intermediate crude rose $4.25, or 4.2%, to settle at $105.42. For the week, Brent climbed 7.84% and WTI gained 10.48% as uncertainty surrounding the fragile ceasefire and ongoing disruptions in the Strait of Hormuz continued to support prices. Market […]