
Petroleum Daily Report 2-27-2023
Oil prices slid today as strong US economic data increased worries about future rate hikes.
Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.

Oil prices slid today as strong US economic data increased worries about future rate hikes.

Former Small town Indiana mayor, now the country’s transportation secretary, plans to ask Congress to increase fines for railroads and speed up tank car regulations.

Oil prices were mostly flat week over week edging higher today in a volatile session after both contracts were initially down over $1.

Oil prices settled higher Thursday on expectations of steep cuts to Russian production next month.

A stronger US$ weighed on the market today as the Feds are expected to tighten monetary policy to bring inflation under control

It seems the focus in the wider financial market is firmly on the release on Wednesday of the minutes of the U.S. Federal Reserve’s latest meeting,

If you ask us, the N.S. missed it in a big way on the East Palestine derailment.

Oil prices closed out the week lower in a choppy week as prices swung between positive and negative sessions

Oil prices were lower today trading in a narrow range as the dollar briefly climbed to a six week peak

Oil prices were lower today after a much higher-than-expected build in US crude inventories but forecasts of higher demand helped support prices.