
Petroleum Daily Report 12-5-2022
Oil prices were lower today, following other financial markets lower on worries of an aggressive monetary policy.
Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.

Oil prices were lower today, following other financial markets lower on worries of an aggressive monetary policy.

To us at PFL, there was in our opinion no risk for a strike – it simply could not happen at this point of time.

Oil prices were lower today ahead of the OPEC+ meeting and the EU oil ban

Oil prices were mostly unchanged, retreating from an earlier rally.

Oil prices were higher today buoyed by optimism of tighter supply and a weaker dollar.

Oil prices were higher today on expectations of a lessening of Chinas strict Covid policy

Oil prices were mixed today after both contracts initially traded lower.

The rail industry once again finds itself on strike watch. Union members of SMART-TD voted to reject ratification

Oil prices fell today in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. China reported a record number of Covid-19 cases today, stoking demand fears. “Because there’s light volume after the holiday, we’re giving up some of the gains here a […]

Oil prices sank today, continuing a streak of volatile trading as a big build in gasoline inventories surprised markets. Gasoline stocks rose by 3.1MM/bbls, but were only forecasted to have a build of 383K. “The build-in gasoline is kind of a shock,” said Phil Flynn, an analyst at Price Futures Group. “The increase in gasoline […]