Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices declined on Wednesday, with Brent crude falling 1.9% to settle at $71.57 per barrel and WTI dropping 1.3% to $68.58 per barrel, as optimism surrounding U.S.-Iran negotiations continued to ease concerns over global supply disruptions. Markets reacted positively after President Trump said recent talks in Qatar had gone well, reinforcing expectations that both […]
Oil prices were little changed on Tuesday, with Brent crude slipping 0.3% to settle at $72.92 per barrel and WTI falling 1.8% to $69.50 per barrel, as markets balanced expectations for continued U.S.-Iran negotiations against improving global supply conditions. Crude prices remained near their pre-conflict levels from late February, reflecting the continued unwinding of the […]
Oil prices moved higher on Monday, with Brent crude rising 1.6% to settle at $73.15 per barrel and WTI gaining 2.2% to $70.75 per barrel, as renewed military exchanges between the U.S. and Iran highlighted the fragility of the interim peace agreement while continued improvements in oil shipments through the Strait of Hormuz limited further […]
“Every time you tear a leaf off a calendar, you present a new place for new ideas and progress.” – Charles Kettering On Mobile? Click here to download the PDF
“Every time you tear a leaf off a calendar, you present a new place for new ideas and progress.” – Charles Kettering Jobs Update Initial jobless claims seasonally adjusted for the week ending June 20, 2026 came in at 215,000, versus the adjusted number of 227,000 people from the week prior, down 12,000 people week […]
Oil prices fell sharply on Friday, with Brent crude declining 4.3% to $71.99 per barrel and WTI dropping 3.7% to $69.23 per barrel, as improving oil flows through the Strait of Hormuz continued to ease supply concerns and reinforce expectations of a more balanced global market. For the week, Brent lost 10.9% while WTI declined […]
Oil prices rebounded on Thursday, with Brent crude rising 2.1% to settle at $75.26 per barrel and WTI increasing 2.3% to $71.92 per barrel, after concerns emerged that the recovery of Middle East oil flows may take longer than previously expected. The gains followed reports that a cargo vessel near the Strait of Hormuz was […]
Brent crude settled at $73.74 per barrel, down $3.34 (-4.3%), while West Texas Intermediate (WTI) crude settled at $70.34 per barrel, down $2.87 (-3.9%). During the session, Brent touched its lowest level since February 27, while WTI briefly traded below $70 per barrel for the first time since early March. Market sentiment was driven by […]
Brent crude settled at $77.08 per barrel, down $0.82 (-1.1%), while West Texas Intermediate (WTI) crude settled at $73.21 per barrel, down $0.65 (-0.9%). Both benchmarks touched their lowest levels in nearly four months during the trading session. Prices have trended lower since the United States granted Iran a 60-day sanctions waiver and negotiations advanced […]
Oil prices moved sharply lower on Monday as concerns over supply disruptions continued to ease following signs of progress in negotiations between the United States and Iran and the gradual reopening of the Strait of Hormuz. Market sentiment improved after U.S. Vice President JD Vance stated that negotiations were making progress and confirmed that the […]