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Petroleum Daily Report 4-28-2022
Oil prices settled up today on the likelihood that Germany will embargo Russian oil. Germany’s Economy Minister commented that the nation could cope with an EU embargo on Russian oil.
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Petroleum Daily Report 4-27-2022
Oil prices rose slightly today, trading up later in the day after trading down earlier in the session. Russia moved to cut gas shipments off to Bulgaria and Poland,
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Petroleum Daily Report 4-26-2022
Oil prices rose today, rebounding from yesterday in a volatile session. China’s central bank said it will step up prudent monetary policy support to the economy, which could be a boost to oil demand.
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Petroleum Daily Report 4-25-2022
Oil prices slumped today to the lowest in two weeks after falling 5% last week. Prices are now down about 25% from recent highs and net long positions are the lowest since 2020.
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PFL Railcar Report 4-25-2022
Oil prices fell on Friday of last week, posting a weekly loss of almost 5% as financial markets were down across the board. Fed Chair Jerome Powell said that a 50 bps rate hike is on the table for the next Fed meeting in May which pushed the dollar to two-year highs. “At this stage, fears over China’s growth and over-tightening by the Fed, capping U.S. growth, seem to be balancing out concerns
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Petroleum Daily Report 4-22-2022
Oil prices fell today, posting a weekly loss of almost 5% as financials markets were down across the board.
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Petroleum Daily Report 4-21-2022
Oil prices rose on Thursday, players were concerned about tightened supply as the EU is considering a potential ban on Russian oil imports that would further restrict worldwide oil trade
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Petroleum Daily Report 4-18-2022
Oil rose today as the shutdown of Libya’s biggest oilfield strained an already under-supplied market, which overshadowed signals that China’s drastic pandemic lockdowns are weighing on economic growth.