“We had a very substantial crude oil inventory draw helped by a second week of very robust crude oil exports as well as an increase in refinery utilization now exceeding 80 per cent,”
Petroleum Daily Report 1-5-2021
Oil railed today with both contracts eking out more than 4% gains on the day, as WTI broke $50 for the first time since Feb before slightly trading down.
Petroleum Daily Report 1-4-2021
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PFL Railcar Report 1-4-2021
Total US rail car traffic was +2.0% year over year and total Canadian rail car traffic was up +1.6%
Petroleum Daily Report 12-30-2020
Oil prices gained today with news of a possible increase to the stimulus bill supported by both President Trump and the House.
Petroleum Daily Report 12-29-2020
Oil prices gained today with news of a possible increase to the stimulus bill supported by both President Trump and the House.
Petroleum Daily Report 12-28-2020
After a momentary rally in oil, crude prices seemed to have deflated as investors ignored a broader surge
PFL Railcar Report 12-28-2020
Total US rail car traffic was +2.0% year over year and total Canadian rail car traffic was up +1.6%
Petroleum Daily Report 12-24-2020
PFL will return 12/28/2020
Petroleum Daily Report 12-23-2020
Oil prices moved higher today after the EIA reported an inventory draw of 600,000 barrels for the week to December 18th.