Oil prices were lower today and down big week over week after a broad sell off in risk assets across the financial markets.
Petroleum Daily Report 3-16-2023
Oil prices snapped their down streak today after initially trading down earlier in the session after reports that Saudi Arabia and Russia met to discuss market stability.
Petroleum Daily Report 3-15-2023
Oil prices plunged today as the flight to safety assets increased today.
Petroleum Daily Report 3-14-2023
Oil prices tanked today to three month lows as US bank failures sparked fears of a financial crisis.
Petroleum Daily Report 3-13-2023
Oil prices fell again today as the market was rattled by bank failures in the US that roiled equity markets
PFL Railcar Report 3-13-2023
During Norfolk Southern’s cleanup of the derailment in Springfield, Ohio on March 5, the company determined that a specific model and series of railcars had loose wheels, which could cause a derailment.
Petroleum Daily Report 3-10-2023
Oil prices rose today after better than expected payroll numbers spurred hopes of a robust US economy.
Petroleum Daily Report 3-9-2023
Oil prices continued their trek lower today along with other financial markets
Petroleum Daily Report 3-8-2023
Oil prices were lower today, extending yesterday’s losses as economic growth is pressured by rising rates.
Petroleum Daily Report 3-7-2023
Oil prices sank today along with other financial markets in a risk off session led by rate hike fears