The market seems to be anxious about this move coupled with the continued rise in virus cases. “That seems a quite risky option, with the safer being a one month extension … It may be time to brace for volatility once again,”
PFL Railcar Report 7-13-2020
Cenovus Energy Inc., Husky Energy Inc. and Baytex Energy Corp. are among companies that have opened up production. According to Chief Executive Officer, Brad Corson…
Petroleum Daily Report 7-10-2020
Oil prices had a strong session recovering from yesterday’s drop, but still ending the week about 1% lower.
Petroleum Daily Report 7-9-2020
Oil and other financial markets fell today on resurgent pandemic fears. Coronavirus cases have been on the rise in 42 of the 50 U.S. states over the past two weeks, according to a Reuters analysis.
Petroleum Daily Report 7-8-2020
Oil prices rose again for the day despite a large build in crude stocks and a new record high level of crude stocks in the Gulf.
Petroleum Daily Report 7-7-2020
Oil prices were flat today as positive economic data is driving prices upwards while increasing COVID cases continues to cap gains.
PFL Railcar Storage Report 7-7-2020
Well folks as of July 1st, the total number of cars in storage was 526,450, an increase of 5,721 (10.86%) month over month and an increase of 197,560 (60.1%) year over year.
Petroleum Daily Report 7-6-2020
Crude oil prices traded mostly flat for the day as caution remains over spreading virus cases.
PFL Railcar Report 7-6-2020
“The opportunity is often lost by deliberating.” Publilius Syrus
Petroleum Daily Report 7-2-2020
Crude oil prices jumped today after a stronger than expected US jobless report. Expectations were all over the map but few economists or analysts forecasted such strong growth.