PFL Market Reports

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 […]

Oil prices edged higher as traders weighed the risk of supply disruptions tied to a potential U.S. blockade of Venezuelan tankers, while awaiting clarity on efforts to end the Russia-Ukraine war. Brent crude rose 65 cents, or 1.1%, to $60.47 a barrel, while WTI gained 51 cents, or 0.9%, to $56.66. Despite the day’s gains, […]

Oil prices inched higher on Thursday as investors weighed the potential for additional U.S. sanctions on Russia alongside supply risks from a blockade of Venezuelan oil tankers. Brent crude rose 14 cents to $59.82, while WTI gained 21 cents to $56.15. Traders are closely monitoring the Venezuelan blockade, which could shut in production if tankers […]