
Petroleum Daily Report 8-15-2022
Oil prices sank today after disappointing Chinese economic data renewed concerns of a global recession.
Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.

Oil prices sank today after disappointing Chinese economic data renewed concerns of a global recession.

Folks, last week there were no serious disasters to report that would have affected rail or rail traffic. We think everyone is going numb to all the bad news out there!

Oil prices sank today but were still on track for weekly gains despite supply disruptions in the Gulf which are only expected to be short-term.

Oil prices were strong today as OPEC (in contrast with the IEA) lowered its demand forecast for 2022.

Oil prices were higher today, rebounding from earlier losses as lower than expected inflation data helped markets.

Oil prices were lower today in another volatile session.

Oil prices rallied today, up 2% in volatile trade. Positive economic data from China and the US was received well by markets after strong job growth in the US.

The key is to keep company only with people who uplift you, whose presence calls forth your best. – Epictetus Jobs Update Stocks closed mixed on Friday of last week and mixed week over week The DOW closed higher on Friday of last week, up 76.65 points (0.23%), closing out the week at 32,803.47, down […]

Oil posted the biggest weekly decline since early April on growing signs that a global economic slowdown is curbing demand.

There will be no commentary for 8-4-2022