Oil was lower today, for a third day in a row as some Fed officials continue to present hawkish viewpoints and the dollar strengthened.
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Petroleum Daily Report 10-11-2022
Oil prices were lower today, extending losses from yesterday’s session as the market focuses again on recession fears and a stronger dollar.
Petroleum Daily Report 10-10-2022
Oil prices were lower today, cooling off slightly after last week’s massive rally. Investors are worried that economic storm clouds
PFL Railcar Report 10-10-2022
The greatest use of a life is to spend it on something that will outlast it. -William James Jobs Update Stocks closed lower on Friday of last week and mixed week over week The DOW closed lower on Friday of last week, down -630.15 points (-2.11%),closing out the week at 29,296.79, down -194.1 points week […]
Petroleum Daily Report 10-7-2022
Oil prices rallied again today to five week highs, trading up every single day this week with WTI up 17% week over week.
Petroleum Daily Report 10-6-2022
Oil prices rose again today holding at 3 week highs still gaining ground from the OPEC+ decision
Petroleum Daily Report 10-5-2022
Oil prices rose today to five week highs as OPEC+ agreed to cut production by 2MM/bpd, its deepest cuts since the onset of Covid-19.
Petroleum Daily Report 10-4-2022
Oil prices rallied today, buoyed by the prospect of OPEC+ considering reducing output further. Oil prices have been declining for four straight months since June and reports are that OPEC+ is considering cutting output by 1MM/bpd.
Petroleum Daily Report 10-3-2022
Oil prices rallied today, buoyed by the prospect of OPEC+ considering reducing output further