
Petroleum Daily Report 10-27-2022
Oil prices rose today, extending yesterday’s rally on large US crude exports and bullish economic sentiment
Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.

Oil prices rose today, extending yesterday’s rally on large US crude exports and bullish economic sentiment

Oil prices were higher again today buoyed by a weakening USD and strong crude exports.

Oil prices were higher today in another volatile session after initially trading down more than $1 earlier in the session.

Oil prices were lower today in a choppy session on lackluster Chinese demand and a strong US dollar.

President Biden, in his wisdom, decided since it worked so well last time to sell more of our strategic reserves

Oil prices were higher today after trading down over a dollar earlier in the session.

Oil prices were mostly flat for the day in another choppy session. The market is being tugged in both directions by fears of a global economic slowdown and production curbs

Oil prices rose on Wednesday as caution over tightening supply countered the negative impact of uncertain demand, and news that the United States will release more crude from its reserves.

Oil prices were lower today, trading down earlier in the session and holding onto those lows.

Oil prices held steady on Monday in choppy trading on fears that high inflation and energy costs could drag the global economy into recession.