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

Oil prices rallied again today to five week highs, trading up every single day this week with WTI up 17% week over week.

Oil prices rose again today holding at 3 week highs still gaining ground from the OPEC+ decision

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.

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.

Oil prices rallied today, buoyed by the prospect of OPEC+ considering reducing output further

Folks, it was a great get-together with the KCS. It seems to us that they are open for business and looking to cut deals.

Oil prices fell $2 per barrel on Monday, settling at nine-month lows primarily due to a strong U.S. dollar.

As of 5 a.m. EDT this morning, hurricane Ian had sustained winds of up to 75 mph and was moving northwest at 14 mph.

Oil prices plunged today, down to 8 month lows as the USD traded to the highest level in more than 20 years.

Oil prices were higher today but paired some gains later in the day.