Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Brent crude rose as high as $126.41 per barrel—its highest level since March 2022—before settling down 3.4% at $114.01. U.S. West Texas Intermediate (WTI) also retreated from intraday highs, closing 1.7% lower at $105.07. Despite the pullback, both benchmarks remain on track for a fourth consecutive monthly gain. The decline appeared technical rather than fundamentally […]
Oil prices jumped more than 6% on Wednesday, settling at their highest levels in weeks as stalled U.S.-Iran negotiations reinforced concerns over prolonged disruptions to Middle Eastern supply. Brent crude rose 6.1% to $118.03 per barrel—its eighth consecutive gain—while U.S. West Texas Intermediate (WTI) climbed 7% to $106.88. Brent briefly pushed toward $120 in post-settlement […]
Oil prices climbed nearly 3% on Tuesday, extending their rally as persistent supply disruptions tied to the Strait of Hormuz outweighed bearish developments from the United Arab Emirates’ decision to exit OPEC+. Brent crude settled at $111.26 per barrel, up 2.8% and marking a seventh consecutive gain, while U.S. West Texas Intermediate (WTI) rose 3.7% […]
Oil prices advanced on Monday, climbing roughly 3% to a two-week high as stalled U.S.-Iran negotiations and continued disruptions in the Strait of Hormuz kept global supply conditions tight. Brent crude settled at $108.23 per barrel, up 2.8%, while U.S. West Texas Intermediate (WTI) rose 2.1% to $96.37. The move extended Brent’s rally to six […]
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“The easiest thing to be in the world is you. The most difficult thing to be is what other people want you to be. Don’t let them put you in that position” – Leo Buscaglia Jobs Update Stocks closed mixed on Friday of last week and mixed week-over-week The DOW closed lower on Friday of […]
Oil prices whipsawed on Friday, ending the session mixed but posting strong gains for the week as markets balanced ongoing supply disruptions against renewed prospects for U.S.-Iran diplomacy. Brent crude settled at $105.33 per barrel, up 0.3%, while U.S. West Texas Intermediate (WTI) declined 1.5% to $94.40. Early in the session, prices moved higher on […]
Oil prices moved higher on Thursday, with benchmarks gaining around 3% after intraday spikes driven by escalating geopolitical tensions in Iran. Brent crude settled at $105.07 per barrel, up 3.1%, while U.S. West Texas Intermediate (WTI) rose 3.11% to $95.85. Prices briefly surged by roughly $5 earlier in the session before paring gains. The move […]
Oil prices moved higher on Wednesday, gaining more than $3 as tighter U.S. refined product inventories and renewed security incidents in the Strait of Hormuz reinforced supply concerns. Brent crude settled at $101.91 per barrel, up 3.48%, while U.S. West Texas Intermediate (WTI) rose 3.67% to $92.96. The rally was supported by U.S. inventory data […]
Oil prices moved higher on Tuesday, gaining roughly 3% as uncertainty around peace talks between the U.S. and Iran supported a renewed risk premium ahead of the ceasefire deadline. Brent crude rose $3.00, or 3.1%, to settle at $98.48 per barrel, while U.S. West Texas Intermediate (WTI) gained $2.52, or 2.8%, to close at $92.13. […]