Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Crude prices slipped today after rising slightly yesterday heading into next week’s OPEC meeting. “We’ve had incredibly strong demand numbers through December, so now the question is what OPEC will do,”
Brent settled up 29 cents to close the day at $79.23. WTI also saw gains settling up 41 cents to close the day at $76.56.
. “The stock market appears poised to finish the year at or near record highs with easy spillover into the oil space pushing crude values higher,
PFL and First Flare & Repair LLC are excited to announce that PFL has acquired a fifty percent interest in First Flare & Repair
WTI traded up $1.78 or 1.42% to close at $75.57. Brent traded up $2.85 or 3.74% to close at $78.99
Total North American rail volumes were down 4.3% yoy in week 50 resulting in qtd volumes that are down 5.3% and ytd that are up 4.8% yoy
Oil prices were strong today on a big draw in crude inventories despite the largest build in gasoline inventories in 6 months.
Oil prices rose today, gaining back yesterday’s losses. Markets remain wary of this new virus strain but today was a day of renewed risk appetite.
Oil and financial markets were hit hard today in another risk off day brought on by fears of new lockdowns globally.
“Your present circumstances don’t determine where you can go, they merely determine where you start.” – Nido Qubein Jobs Update Initial and Continuing Jobless Claims Stocks closed lower on Friday of last week and lower week over week The DOW closed lower on Friday of last week, down 532.2 points (-1.48%), closing out the week […]