PFL Market Reports

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.

Oil prices slid today, cooling off after hitting 7 year highs. The market is nervous of additional supply from Iran, as talks resumed today to revive the international nuclear agreement.

Oil prices were lower today, as sources indicated some small progress may have been made in Iran talks