Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices tumbled more than 3% Friday as renewed U.S.–China trade tensions overshadowed market fundamentals and revived fears of weaker global demand. Brent crude fell $2.49 (-3.82%) to $62.73, its lowest since May 5, while WTI dropped $2.61 (-4.24%) to $58.90, the lowest since early May. Both benchmarks marked their fourth straight daily decline. U.S. […]
Oil prices fell on Thursday after Israel and Hamas agreed to a ceasefire deal brokered by the United States, easing geopolitical risk premiums in energy markets. Brent crude settled $1.03 lower (-1.6%) at $65.22, while WTI dropped $1.04 (-1.7%) to $61.51. The ceasefire, which includes a mutual release of hostages and prisoners and a partial […]
Oil prices rose about 1% to a one-week high on Wednesday as traders bet that stalled Ukraine peace talks would keep sanctions on Moscow in place, while U.S. data showed stronger fuel consumption. Brent crude settled 80¢ higher (+1.2%) at $66.25, and WTI gained 82¢ (+1.3%) to $62.55, marking their highest closes since September 30 and […]
Oil prices steadied on Tuesday as investors weighed a smaller-than-expected OPEC+ output hike against signs that global inventories may keep rising through next year. Brent crude settled 2¢ lower (-0.03%) at $65.45, while U.S. WTI gained 4¢ (+0.06%) to $61.73. Both benchmarks rose more than 1% on Monday after OPEC and its allies agreed to […]
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 […]
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“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 […]
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 […]
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 […]
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 […]