Oil prices had another strong session today, posting the strongest month in a year boosted by tight supplies and geopolitical tensions
PFL Railcar Report 1-31-2022
Folk’s, volatility in the markets has been insane this past week and expect more of the same this week as the world is on edge.
Petroleum Daily Report 1-28-2022
This is the sixth straight week over week gain, the longest run since October. Brent is in steep backwadartion of $6.92/bbl, the biggest gap since 2013.
Petroleum Daily Report 1-27-2022
WTI fell today, and Brent was mostly flat as Fed tightening (which means a stronger dollar) is putting pressure on markets.
Petroleum Daily Report 1-26-2022
Oil prices rallied today, extending yesterday’s rebound with Brent topping $90/bbl for the first time since 2014 before trading slightly lower. O
Petroleum Daily Report 1-25-2022
Oil prices gained today, as geopolitical tensions continue to support prices. However, tensions may be fizzling in the Ukraine, as Ukraine’s defense chief said he doesn’t expect
Petroleum Daily Report 1-24-2022
Oil prices fell today, clawing back initial losses of more than 5% in a volatile session. Financial markets sold off today on investor concerns over the possibility of a quicker rate hike than expected, but…
PFL Railcar Report 1-24-2022
Basic economics 101 would tell us that inflation at 8% cannot support interest rates close to 0. Interest rates cannot and will not continue to be as low as they are right now with inflation at current levels.
Petroleum Daily Report 1-21-2022
Oil prices fell today, but were up week over week for the fifth week in a row. Prices are up more than 10% so far on the year.
Petroleum Daily Report 1-20-2022
Oil prices were pretty much flat for the day, despite a build in crude inventories and a large build in gasoline inventories.