
Petroleum Daily Report 4-5-2023
Oil prices were unchanged today despite a larger than expected crude oil draw.
Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.

Oil prices were unchanged today despite a larger than expected crude oil draw.

Oil prices were little changed in choppy trade on Tuesday as investors digested OPEC+ plans to cut

OPEC+ in a surprise announcement spoked the market with plans to cut more production

The U.S. House of Representatives on Thursday of last week approved a bill packed with energy priorities meant to counteract the Biden administration’s

Oil prices were strong today rising more than $1/bbl for the second straight week over week gains.

Oil prices rose on Thursday, supported by lower U.S. crude stockpiles and a halt to exports from Iraq’s Kurdistan region,

Oil edged lower on Wednesday in choppy trade on profit taking from two straight days of gains.

On Monday, prices rallied more than $3 after Iraq was forced to halt exports of 450,000 barrels per day

Oil prices were higher today after an explosion in Iraqs Kurdistan region added to worries about oil supply.

We are expecting to see volumes increase as we head into April as the weather warms and producers begin to build inventory