PFL Market Reports

Oil and financial markets rallied today, shaking off worries of the Omicron variant. “All the headlines are bullish today,”

Oil prices were mixed today, ending little changed after earlier gains were erased.

Oil ended the day higher today after another choppy session. Prices had initially traded down on news that OPEC+ intended to stick with its production increase of 400K/bpd in January.

Oil prices closed down for the day in a choppy session as crude production and product inventories rose more than expected.

Oil prices continued their downtrend today, with WTI and Brent falling to session lows of $64.42 and $70.22 respectively before paring losses later in the session.

Oil prices rose today, reversing some of last week’s losses but closed well below recent highs. Prices had rallied harder earlier in the session but traded down later in the day.

Crude oil settled lower Wednesday with Brent ending the day at $82.25 down 6 cents and WTI settling at $78.39 down 11 cents.

Oil prices rallied today after a global coordinated effort spearheaded by the US aimed at quelling prices fell short of expectations.