Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices rose today, touching fresh 11-month highs, likely on anticipation of increased stimulus under a Biden administration. The new administration would likely spend significant amounts of money
“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,”
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.
Total US rail car traffic was +2.0% year over year and total Canadian rail car traffic was up +1.6%
Oil prices gained today with news of a possible increase to the stimulus bill supported by both President Trump and the House.
Oil prices gained today with news of a possible increase to the stimulus bill supported by both President Trump and the House.
After a momentary rally in oil, crude prices seemed to have deflated as investors ignored a broader surge
Total US rail car traffic was +2.0% year over year and total Canadian rail car traffic was up +1.6%