
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
Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.

Oil prices fell again today as the market was rattled by bank failures in the US that roiled equity markets

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.

Oil prices rose today after better than expected payroll numbers spurred hopes of a robust US economy.

Oil prices continued their trek lower today along with other financial markets

Oil prices were lower today, extending yesterday’s losses as economic growth is pressured by rising rates.

Oil prices sank today along with other financial markets in a risk off session led by rate hike fears

Oil prices were slightly higher today, bouncing back from earlier losses.

In January 2023, total consumer spending in the US rose by a preliminary 1.8%, the largest month-to-month increase since March 2021.

Oil prices rose today, boosted by signs of a stronger economic rebound in China and easing worries of aggressive US rate hikes

Manufacturing activity in China grew last month at the fastest pace in more than a decade. Meanwhile, imports of Russian seaborne crude…