Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Brent crude futures settled up 9 cents, or 0.09%, at $105.72 per barrel, while U.S. West Texas Intermediate crude gained 15 cents, or 0.15%, to close at $101.17. Brent traded as high as $107.13 earlier in the session before giving back most of its gains. Markets remained highly sensitive to developments surrounding the Iran conflict […]
Brent crude settled down $2.14, or 2.0%, at $105.63 per barrel, while U.S. West Texas Intermediate (WTI) crude fell $1.16, or 1.1%, to $101.02. The decline followed a strong rally earlier in the week that had been driven by fading hopes for a durable U.S.-Iran ceasefire and continued supply disruptions in the Gulf region. Markets […]
Brent crude rose $3.56, or 3.42%, to $107.77 per barrel, while U.S. West Texas Intermediate (WTI) gained $4.11, or 4.19%, to $102.18. The move extended Monday’s gains as markets continued rebuilding geopolitical risk premiums tied to the ongoing conflict and the effective closure of the Strait of Hormuz. The latest rally was driven largely by […]
Brent crude settled up $2.92, or 2.9%, at $104.21 per barrel, while U.S. West Texas Intermediate (WTI) crude gained $2.65, or 2.8%, to close at $98.07. During the session, Brent briefly climbed to nearly $106 while WTI moved back above the $100 level. The rebound followed comments from U.S. President Donald Trump, who described the […]
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“No man ever steps in the same river twice, for it’s not the same river and he’s not the same man.” – Heraclitus Jobs Update Stocks closed higher on Friday of last week and higher week-over-week The DOW closed higher on Friday of last week, up 12.19 points (0.02%), closing out the week at 49,609.16, […]
Brent crude settled up $1.23, or 1.2%, at $101.29 per barrel after earlier surging as much as 3% during the session. U.S. West Texas Intermediate (WTI) crude rose 61 cents, or 0.6%, to close at $95.42 per barrel. Despite Friday’s gains, both benchmarks still posted weekly declines of more than 6%. Markets remained highly reactive […]
Brent crude settled down $1.21, or 1.2%, at $100.06 per barrel, while U.S. West Texas Intermediate (WTI) crude slipped 27 cents, or 0.3%, to $94.81. Both benchmarks had fallen by as much as $5 earlier in the session before recovering some losses in late trading following reports of explosion-like sounds near Bandar Abbas, Iran. The […]
Brent crude declined 7.8% to settle at $101.27 per barrel, while U.S. West Texas Intermediate (WTI) fell 7.0% to $95.08. Both benchmarks touched two-week lows during the session, with Brent briefly dropping below $100 for the first time since late April. The selloff was driven by reports that the United States and Iran are nearing a […]
Brent crude fell 4.0% to settle at $109.87 per barrel, while U.S. West Texas Intermediate (WTI) dropped 3.9% to $102.27. The pullback followed a roughly 6% surge on Monday, with analysts pointing to a mix of technical correction and improved sentiment around geopolitical developments. Market pressure came as reports indicated that at least some vessels […]