
Petroleum Daily Report 3-22-2023
Oil prices were higher today on a weaker dollar and larger than expected crude build
Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.

Oil prices were higher today on a weaker dollar and larger than expected crude build

Oil prices rose again today as some of the banking concerns in the US market are easing.

Oil prices were higher today rebounding over 1% after last week’s rout

The Surface Transportation Board announced on Wednesday of last week it has approved the merger of Canadian Pacific and Kansas City Southern, but with several conditions.

Oil prices were lower today and down big week over week after a broad sell off in risk assets across the financial markets.

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.

Oil prices plunged today as the flight to safety assets increased today.

Oil prices tanked today to three month lows as US bank failures sparked fears of a financial crisis.

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.