Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
“The hardest arithmetic to master is that which enables us to count our blessings.”– Eric Hoffer Jobs Update • Initial jobless claims seasonally adjusted for the week ending August 28, 2025 came in at 229,000, versus the adjusted number of 234,000 people from the week prior, down 5,000 people week over week. • Continuing jobless claims came […]
Brent crude for October delivery, which expired Friday, settled at $68.12, down 50 cents (−0.73%). The more active November contract closed at $67.45, down 53 cents (−0.78%). U.S. West Texas Intermediate (WTI) finished at $64.01, off 59 cents (−0.91%). Analysts said the market was already looking ahead to next week’s OPEC+ meeting, where members are […]
Brent crude settled at $68.53, up 48 cents (0.7%), while U.S. West Texas Intermediate (WTI) rose 42 cents (0.7%) to close at $64.57. Both benchmarks had been down about 1% earlier in the session before recovering on headlines out of Washington. Russia’s latest attacks killed at least 21 people in Kyiv, while Ukraine said it […]
Brent crude settled at $68.05, up 83 cents (1.2%), while West Texas Intermediate (WTI) gained 90 cents (1.4%) to close at $64.15. Both contracts had fallen more than 2% on Tuesday. The EIA reported a 2.4 million-barrel decline in U.S. crude stocks last week, larger than the forecast draw of 1.9 million barrels. Gasoline inventories […]
Brent crude settled at $67.22, down $1.58 (−2.3%), while U.S. West Texas Intermediate (WTI) closed at $63.25, off $1.55 (−2.4%). The drop came a day after Brent hit its highest level since early August on supply risk concerns. Analysts said sentiment remains fragile given the mix of geopolitical and trade uncertainty. “With the Ukrainian conflict […]
Brent crude settled at $68.80, up $1.07 (1.58%), while West Texas Intermediate (WTI) closed at $64.80, up $1.14 (1.79%). President Donald Trump reiterated Friday that Russia faces sanctions if peace talks fail to show progress within two weeks, while also threatening steep tariffs on India for its Russian oil purchases. Over the weekend, Vice President […]
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“Most of the things worth doing in the world had been declared impossible before they were done.“ – Louis D. Brandeis Jobs Update • Initial jobless claims seasonally adjusted for the week ending August 23, 2025 came in at 235,000, versus the adjusted number of 224,000 people from the week prior, up 11,000 people week […]
Brent crude settled at $67.73, up 6 cents (0.09%), while U.S. West Texas Intermediate (WTI) closed at $63.66, up 14 cents (0.22%). For the week, Brent gained 2.9% and WTI rose 1.4%. Markets remain focused on the stalled peace process between Russia and Ukraine. President Donald Trump has sought to arrange a summit between Vladimir […]
Brent crude settled at $67.67, up 83 cents (1.2%), while U.S. West Texas Intermediate (WTI) gained 81 cents (1.3%) to close at $63.52. Both benchmarks had already advanced more than 1% in the prior session. Markets turned cautious as Moscow and Kyiv traded blame for stalled negotiations. Russia launched a major air assault near Ukraine’s […]