Oil edged lower on Wednesday in choppy trade on profit taking from two straight days of gains.
Petroleum Daily Report 3-28-2023
On Monday, prices rallied more than $3 after Iraq was forced to halt exports of 450,000 barrels per day
Petroleum Daily Report 3-27-2023
Oil prices were higher today after an explosion in Iraqs Kurdistan region added to worries about oil supply.
PFL Railcar Report 3-27-2023
We are expecting to see volumes increase as we head into April as the weather warms and producers begin to build inventory
Petroleum Daily Report 3-24-2023
Oil prices were down today but both benchmarks closed higher for the week with Brent up $2.8% and WTI up 3.8%.
Petroleum Daily Report 3-23-2023
Oil prices were lower today, reversing earlier gains as comments from the US Secretary of Energy sent prices lower.
Petroleum Daily Report 3-22-2023
Oil prices were higher today on a weaker dollar and larger than expected crude build
Petroleum Daily Report 3-21-2023
Oil prices rose again today as some of the banking concerns in the US market are easing.
Petroleum Daily Report 3-20-2023
Oil prices were higher today rebounding over 1% after last week’s rout
PFL Railcar Report 3-20-2023
The Surface Transportation Board announced on Wednesday of last week it has approved the merger of Canadian Pacific and Kansas City Southern, but with several conditions.