Petroleum Daily Report 10-6-2025

Oil prices rose about 1% on Monday after OPEC+ announced a smaller-than-expected production increase for November, calming some oversupply worries though weak demand expectations limited gains. Brent crude settled $0.94 higher (+1.46%) at $65.47, while U.S. WTI gained $0.81 (+1.33%) to $61.69. The OPEC+ coalition confirmed plans to raise output by 137,000 bpd in November […]

PFL Railcar Report 10-6-2025

“It is never too late to be what you might have been,” – George Eliot Due to the Government Shutdown, we are unable to report last week’s Jobs Update. We apologize for the inconvenience. Jobs Update • Initial jobless claims seasonally adjusted for the week ending September 20, 2025 came in at 218,000, versus the adjusted […]

Petroleum Daily Report 10-3-2025

Oil prices edged higher on Friday but still logged their steepest weekly loss in over three months, as expectations of more OPEC+ supply weighed heavily on sentiment. Brent crude settled at $64.53, up 42¢ (+0.7%), while U.S. WTI closed at $60.88, up 40¢ (+0.7%). Despite the modest daily gains, Brent lost 8.1% and WTI fell […]

Petroleum Daily Report 10-2-2025

Oil prices extended their decline for a fourth day, sinking to four-month lows as oversupply concerns overshadowed geopolitical risks. Brent crude settled at $64.11, down $1.24 (-1.9%), its lowest since June 2. U.S. WTI finished at $60.48, down $1.30 (-2.1%), its weakest since May 30. Traders remain focused on the OPEC+ meeting this weekend, where […]

Petroleum Daily Report 10-1-2025

Oil prices extended their slide to a third straight session, closing at fresh 16-week lows as a U.S. government shutdown heightened worries about global demand and traders braced for more supply from OPEC+. Brent crude settled at $65.35, down 68¢ (-1.0%), the lowest close since June 5. U.S. West Texas Intermediate finished at $61.78, down […]

Petroleum Daily Report 9-30-2025

Oil prices slipped further Tuesday as supply concerns overshadowed recent geopolitical risks, with traders bracing for a potentially larger OPEC+ output hike and the restart of Kurdish exports through Turkey. Brent for November delivery (expiring Tuesday) settled at $67.02, down 95¢ (1.4%), while the more active December contract closed at $66.03. WTI ended at $62.37, […]

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 […]