U.S. consumer spending fell a preliminary 0.2% in December 2020 from November 2020, following a revised 0.7% drop in November from October
PFL Railcar Storage Report 2-8-2021
The number of cars in storage continued to decline and is getting closer to pre-pandemic levels as the economy begins to recovers and cars are retired.
Petroleum Daily Report 2-5-2021
U.S. employment growth rebounded moderately in January and job losses in the prior month were deeper than initially thought, underscoring what some say is an urgent need for additional relief money from the government.
Petroleum Daily Report 2-4-2021
The dollar is at 2 month highs, now well above the 50 day moving average (and everybody has been pricing assets according to the dollar going lower) but speculative
Petroleum Daily Report 2-3-2021
There will be no market commentary for February 3rd, 2021. Click here if viewing from mobile
Petroleum Daily Report 2-2-2021
Oil prices jumped today to fresh new highs (post pandemic) as OPEC production increases were less than expected.
PFL Railcar Report 2-1-2021
A U.S. appeals court dealt a blow to the Dakota Access crude oil pipeline on Tuesday of last week, upholding a lower court’s decision to throw out a key federal permit for the line and ordered a lengthy environmental review that will determine if it can keep operating.
Petroleum Daily Report 2-1-2021
The Daily Report, by PFL.
Petroleum Daily Report 1-29-2021
Oil prices were relatively quiet today as not much major market moving news out there.
Petroleum Daily Report 1-28-2021
The draw was a big relief for inventories, especially as it followed a week of builds, putting traders at ease that supply doesn’t overwhelm demand for the time being