Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
“Permit yourself to change your mind when something is no longer working for you.” – Nedra Glover Tawwab Jobs Update Initial jobless claims seasonally adjusted for the week ending August 8, 2026 came in at 209,000, versus the adjusted number of 200,000 people from the week prior, up 9,000 people week over week. Continuing jobless […]
Crude oil prices moved higher on Friday as renewed attacks on tankers and a lack of progress toward a ceasefire between the United States and Iran kept supply concerns elevated. Brent crude settled up $1.45, or 1.67%, at $88.52 per barrel, while WTI gained $1.15, or 1.42%, to settle at $82.40 per barrel. The Strait […]
Crude oil prices settled sharply lower on Thursday as concerns over weakening global demand and a large build in U.S. crude inventories outweighed continued geopolitical risks across the Middle East and Black Sea. Brent crude settled down $1.91, or 2.15%, at $87.07 per barrel, ending a six-session winning streak, while WTI declined $2.02, or 2.40%, […]
Oil prices were little changed on Wednesday as continued attacks on shipping and stalled U.S.-Iran negotiations kept supply concerns elevated, while downward revisions to global oil demand forecasts limited further gains. Brent crude settled at $88.98 per barrel, up 7 cents, while WTI settled at $83.27, also up 7 cents. Market support came from growing […]
Oil prices moved higher on Tuesday as fading expectations for a U.S.-Iran peace agreement renewed concerns that disruptions to Middle Eastern oil supplies could persist. Brent crude settled at $88.91 per barrel, up $1.19, or 1.4%, while West Texas Intermediate (WTI) settled at $83.20, up $1.07, or 1.3%. Both benchmarks reached their highest closing levels […]
Crude oil prices surged roughly 5% on Monday as uncertainty over negotiations between the United States and Iran raised concerns that the Strait of Hormuz could remain closed for an extended period. Brent crude settled up $4.17, or 4.99%, at $87.72 per barrel, while WTI gained $3.95, or 5.05%, to settle at $82.13 per barrel. […]
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“Opportunity is missed by most people because it is dressed in overalls and looks like work.” – Thomas A. Edison Jobs Update Initial jobless claims seasonally adjusted for the week ending August 1, 2026 came in at 199,000, versus the adjusted number of 198,000 people from the week prior, up 1,000 people week-over-week. Continuing jobless […]
Crude oil prices moved higher on Friday as uncertainty surrounding negotiations over the reopening of the Strait of Hormuz continued to support a geopolitical risk premium. Brent crude settled up $1.06, or 1.3%, at $83.55 per barrel, while WTI gained $0.89, or 1.15%, to settle at $78.18 per barrel. Market participants remained focused on ongoing […]
Crude oil prices rallied sharply on Thursday as escalating geopolitical tensions in the Middle East renewed concerns over potential disruptions to global oil supplies. Brent crude settled up $3.04, or 3.83%, at $82.49 per barrel, while WTI gained $2.07, or 2.75%, to settle at $77.29 per barrel. The market reacted after reports that an Iranian […]