Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices surged on Thursday as concerns over a potential escalation of the U.S.-Iran conflict combined with new restrictions on Chinese fuel exports to raise fears of tighter global energy supplies. The December Brent contract settled at $102.31 a barrel, up $4.28, or 4.37%, while WTI gained $2.45, or 2.71%, to $92.87. The rally accelerated […]
Oil prices moved higher on Wednesday as stalled U.S.-Iran negotiations and tightening fuel inventories outweighed signs of recovering crude exports from the Middle East. Brent November futures, which expired Wednesday, settled at $103.50 a barrel, up $0.94, or 0.9%. The more active December Brent contract gained $1.87, or 1.9%, to $98.03, while WTI rose $1.04, […]
Oil prices fell sharply on Tuesday as signs of improving crude exports from the Middle East eased some supply concerns, although the market remained on track for monthly gains due to ongoing disruptions tied to the U.S.-Israeli war with Iran. Brent crude settled at $102.59 a barrel, down $2.69, or 2.6%, while WTI fell $3.22, […]
Oil prices finished slightly higher on Monday after an early rally faded as traders weighed continued supply disruptions against renewed diplomatic efforts to reopen the Strait of Hormuz. Brent crude futures settled at $105.28 a barrel, up $0.96, or 0.9%, while WTI gained $0.19, or 0.2%, to settle at $92.60. Prices initially jumped more than […]
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“Good judgment comes from experience, and a lot of that comes from bad judgment.” –Will Rogers Jobs Update Initial jobless claims seasonally adjusted for the week ending September 19, 2026 came in at 197,000, versus the adjusted number of 198,000 people from the week prior, down 1,000 people week-over-week. Continuing jobless claims came in at […]
Oil prices fell about 2% on Friday as expectations for a possible U.S.-Iran truce increased, while uncertainty surrounding a potential U.S. diesel export ban added pressure to the market. Brent crude futures settled at $104.32 a barrel, down $2.28, or 2.1%, while WTI fell $2.20, or 2.3%, to $92.41. Brent finished the week up less […]
Oil prices climbed more than 3% on Thursday, reaching their highest level in a week, as a Houthi missile attack on Saudi Arabia renewed concerns about Middle East supply disruptions. Brent crude futures settled at $106.60 a barrel, up $3.52, or 3.4%, while WTI rose $2.45, or 2.7%, to $94.61. Both contracts were up about […]
Oil prices rebounded sharply on Wednesday, with Brent crude rising nearly 4% as traders weighed continued tensions between the United States and Iran against signs that additional Middle East oil supplies are reaching the market. Brent crude futures settled at $103.08 a barrel, up $3.83, or 3.86%, while WTI gained $1.64, or 1.81%, to settle […]
Oil prices fell again on Tuesday as improving Saudi crude flows eased some of the market’s supply concerns, although prices recovered from their session lows after hopes for an immediate U.S.-Iran agreement faded. Brent crude futures for November settled at $99.25 a barrel, down $1.09, or 1.09%, while WTI for October settled at $94.59, down […]