Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices finished Friday at their highest levels in more than a week as Washington escalated pressure on Iran with new sanctions and stepped-up military signaling, renewing concerns over potential supply disruptions. Brent crude climbed $1.82, or 2.8%, to settle at $65.88 a barrel, while U.S. West Texas Intermediate rose $1.71, or 2.9%, to $61.07. […]
Oil prices fell about 2% on Thursday to a one-week low as geopolitical risk premiums eased following softer rhetoric from U.S. President Donald Trump on Greenland and Iran, alongside tentative progress toward ending Russia’s war in Ukraine. Brent futures settled down $1.18, or 1.8%, at $64.06 a barrel, while U.S. West Texas Intermediate crude fell […]
Oil prices closed modestly higher on Wednesday as optimism around tighter near-term supply offset broader macro and geopolitical concerns. Brent futures settled up 32 cents, or 0.5%, at $65.24 a barrel, while U.S. West Texas Intermediate crude rose 26 cents, or 0.4%, to $60.62. Support continued from Kazakhstan after output was halted at the Tengiz […]
Oil prices rose on Tuesday, supported by a temporary halt in output at Kazakhstan’s major oil fields and expectations of stronger global economic growth that could lift fuel demand. Gains came as traders also monitored escalating tariff threats from U.S. President Donald Trump toward several European countries. Brent crude futures settled 98 cents, or 1.5%, […]
“Iron rusts from disuse; water loses its purity from stagnation… even so does inaction sap the vigor of the mind.” -Leonardo da Vinci Jobs Update Stocks closed lower on Friday of last week and lower week-over-week The DOW closed lower on Friday of last week, down -83.11 points (-0.17%), closing out the week at 49,359.33, […]
“Iron rusts from disuse; water loses its purity from stagnation… even so does inaction sap the vigor of the mind.” – Leonardo da Vinci On Mobile? Click here to download the PDF
Oil prices settled modestly higher on Friday as traders covered short positions ahead of the three-day Martin Luther King Jr. holiday weekend in the U.S., while lingering concerns over a possible U.S. military strike against Iran continued to support prices. Brent crude rose 37 cents, or 0.6%, to settle at $64.13 a barrel, while U.S. […]
Oil prices fell Thursday, snapping a five-day rally after President Donald Trump said Iran’s crackdown on protesters appeared to be easing, reducing fears of military action and potential supply disruptions. Brent crude futures fell $2.76, or 4.2%, to settle at $63.76 a barrel, while U.S. West Texas Intermediate crude slid $2.83, or 4.6%, to $59.19. […]
Oil prices rose about 1% on Wednesday, extending gains for a fifth straight session as concerns mounted over potential supply disruptions from Iran amid rising fears of a U.S. military strike and possible retaliation across the Middle East. Brent crude futures settled up $1.05, or 1.6%, at $66.52 a barrel, while U.S. West Texas Intermediate […]
Oil prices jumped more than 2% on Tuesday as fears of potential disruptions to Iranian crude exports outweighed expectations for increased supply from Venezuela. Brent futures rose $1.60, or 2.5%, to settle at $65.47 per barrel, while U.S. West Texas Intermediate climbed $1.65, or about 2.8%, to $61.15. The market has begun pricing in greater […]