
Petroleum Daily Report 5-11-2023
Oil prices fell today to the lowest in a week as the US debt ceiling is stoking recession jitters.
Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.

Oil prices fell today to the lowest in a week as the US debt ceiling is stoking recession jitters.

Oil prices were lower today ending a three day rally. Consumer prices rose in April albeit at a slower pace.

Oil prices ticked up on Tuesday as the market weighed US government plans to refill the nations SPR.

Oil prices rose today rallying back after recession fears began to ease. A healthy US jobs report for April helped oil prices climb on Friday of last week

The tank car committee meeting this go around was a very well-attended function. It is an industry gathering at a different level.

Oil prices rose on Friday but fell for a third straight week in a row.

Oil prices were stable today after falling earlier in the week as the ECB decided to slow its pace of rate hikes.

Oil prices fell again today extending yesterday’s steep losses as the market fretted on economic woes.

Oil prices tanked today to five-week lows despite larger than anticipated crude draws.

Oil prices were lower today. Bad data out of the Chinese manufactures dampened sentiment today as manufacturing activity unexpectedly fell in April.