Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices ended the year on a weaker note, capping a sharp annual decline as expectations for a sustained global oversupply outweighed a year dominated by geopolitical conflict, sanctions, and shifting trade policy. Brent crude finished the final trading session of the year at $60.85 per barrel, down 0.8% on the day, while U.S. West […]
Oil prices were little changed after a volatile Tuesday session as traders balanced fading expectations for a Russia–Ukraine peace agreement against rising geopolitical tensions in the Middle East, particularly around Yemen. Brent crude for February delivery edged slightly lower to $61.92 per barrel, while U.S. West Texas Intermediate settled at $57.95. The market consolidated after […]
Oil prices climbed more than $1 a barrel on Monday, supported by rising geopolitical tensions tied to Russia, Ukraine and the Middle East, as traders reassessed near-term supply risks. Brent crude gained $1.30, or 2.1%, to settle at $61.94 a barrel, while U.S. West Texas Intermediate rose $1.34, or 2.4%, to $58.08. The move higher […]
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“You can’t cross the sea merely by standing and staring at the water.” – Rabindranath Tagore Jobs Update Stocks closed lower on Friday of last week, but higher week-over-week The DOW closed lower on Friday of last week, down -20.19 points (-0.04%), closing out the week at 48,710.97, up 576.39 points week-over-week. The S&P 500 […]
Oil prices fell sharply on Friday, sliding more than 2% as concerns about a deepening global supply surplus outweighed recent geopolitical support. Brent crude declined $1.60, or 2.6%, to $60.64 a barrel, while WTI dropped $1.61, or 2.8%, to $56.74. Despite a rebound earlier in the week, both benchmarks remain on pace for their worst […]
Oil prices settled marginally lower, as investors weighed strong U.S. economic growth against persistent supply risks from Venezuela and Russia. Brent crude slipped 14 cents, or 0.2%, to $62.24 a barrel, while WTI eased 3 cents, or 0.1%, to $58.29. Despite the pullback, both contracts have rebounded roughly 6% since mid-December following a sharp selloff. […]
Oil prices settled modestly higher as markets balanced stronger-than-expected U.S. economic growth against mounting risks of supply disruptions from Venezuela and Russia. Brent crude rose 31 cents, or 0.5%, to $62.38 a barrel, while WTI gained 37 cents, or 0.6%, to $58.38. The move extended Monday’s rally, when Brent posted its biggest daily gain in […]
Oil prices settled sharply higher as geopolitical risks resurfaced, driven by U.S. enforcement actions against Venezuelan oil shipments and fresh disruptions linked to the Russia-Ukraine war. Brent crude climbed $1.60, or 2.7%, to $62.07 a barrel, while WTI advanced $1.49, or 2.6%, to $58.01. Support came after the U.S. Coast Guard attempted to intercept a […]
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