Petroleum Daily Report 9-29-2025

Oil prices tumbled Monday, erasing last week’s gains, as supply concerns returned with OPEC+ set to boost output again and Kurdish exports resuming through Turkey. Brent crude closed at $67.97, down $2.16 (3.1%), while WTI settled at $63.45, down $2.27 (3.45%). The pullback followed Friday’s rally to the highest levels since late July. OPEC+ is […]

PFL Railcar Report 9-29-2025

“The quality of a leader is reflected in the standards they set for themselves.” – Ray Kroc Jobs Update • Initial jobless claims seasonally adjusted for the week ending September 20, 2025 came in at 218,000, versus the adjusted number of 232,000 people from the week prior, down 14,000 people week over week. • Continuing jobless claims […]

Petroleum Daily Report 9-26-2025

Oil prices rose Friday, closing at their highest in weeks, as Ukrainian drone strikes on Russian energy assets cut fuel exports and U.S. allies faced fresh pressure from Washington to reduce Russian imports. Brent crude settled at $70.13, up 71 cents (1.02%), while WTI closed at $65.72, gaining 74 cents (1.14%). Both benchmarks are on […]

Petroleum Daily Report 9-25-2025

Oil prices eased on Thursday, retreating from the prior day’s seven-week highs as stronger U.S. economic data tempered expectations for aggressive rate cuts and supply concerns re-emerged. Brent futures rose 11 cents, or 0.16%, to settle at $69.42 a barrel while U.S. West Texas Intermediate futures fell 1 cent, or 0.02%, to settle at $64.98. […]

Petroleum Daily Report 9-24-2025

Oil prices jumped nearly 3% on Wednesday, reaching seven-week highs, as a surprise U.S. inventory draw and supply disruptions in Iraq, Venezuela and Russia fed a tightening narrative despite broader oversupply concerns. Brent settled at $69.31, up $1.68 (2.5%), its strongest close since August 1. WTI finished at $64.99, up $1.58 (2.5%), its highest since […]

Petroleum Daily Report 9-23-2025

Oil prices rebounded Tuesday, rising more than $1 a barrel, after a deal to resume exports from Iraq’s Kurdistan stalled—calming fears of fresh oversupply—while traders also weighed attacks on Russian energy facilities and U.S. inventory expectations. Brent crude settled at $67.63, up $1.06 (1.6%), while WTI closed at $63.41, up $1.13 (1.8%). Both benchmarks snapped […]

Petroleum Daily Report 9-22-2025

Oil prices edged slightly lower Monday as oversupply worries outweighed geopolitical tensions in Russia and the Middle East. Brent crude settled at $66.57, down 11 cents (−0.2%), while the expiring WTI October contract closed at $62.64 (−4 cents, −0.1%). The more active November contract slipped 12 cents (−0.2%) to $62.28. Both benchmarks have traded within […]

PFL Railcar Report 9-22-2025

“Nothing is a waste of time if you use the experience wisely.” – Auguste Rodin Jobs Update • Initial jobless claims seasonally adjusted for the week ending September 13, 2025 came in at 231,000, versus the adjusted number of 264,000 people from the week prior, down 33,000 people week over week. • Continuing jobless claims came in […]