PFL Market Reports

Oil prices were down today, ending the week mixed with WTI snapping its 8 week streak of gains.

Oil prices were lower today, as talks with Iran have reportedly reached the final stages. Tensions with Ukraine/Russia have helped offset losses.

Oil prices had a volatile session, swinging between gains and losses as both contracts closed mixed for the day.

. “The situation is very fluid, but today is definitely a calmer day,” said Robert Yawger, executive director of energy futures at Mizuho.

Oil prices were higher today, hitting new seven year highs again as rhetoric around the Ukraine/Russia situation continues to heat up.

Oil prices rallied later in today’s session as talk of an imminent Russian invasion of Ukraine by US gov officials led prices to new 7 year highs.

Oil prices closed mostly flat today after rallying earlier in the day as the market weighs the possibility of an aggressive (and un-forecasted) rate hike sooner than expected.

Oil prices came back today, fueled by inventory draws across the board. Crude stocks fell by 4.8MM/bbls, vs a forecasted build of 369K/bbls.