
Petroleum Daily Report 8-24-2022
Oil prices were higher today, but prospects for immediate OPEC+ cuts dimmed.
Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.

Oil prices were higher today, but prospects for immediate OPEC+ cuts dimmed.

Oil prices rallied today, buoyed by the prospect of OPEC+ output cuts.

Oil prices were mostly flat for the day, after initially trading lower earlier on in the session but trading back up later in the day.

What a heartbreaker for the Governor of Michigan losing another battle with Enbridge in her battle to threaten U.S. Energy security

Oil prices were higher today, but still down for the weak as a stronger dollar and slowing global economy was the theme for this week. USD strength hit a five week high. “Although the oil complex has been able to shrug off a strong dollar on any given session, extended strong dollar trends will pose […]

Oil prices were stronger today, gaining about 3% on positive economic data. WTI traded up $2.39 or 2.7% to close at $90.50.

Oil prices rose today, buoyed by a big drawdown of crude inventories and record crude oil exports

Oil prices were down again today, sinking another 3% as global recession concerns continue to pressure markets.

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!