PFL Market Reports

Brent crude settled at $66.59, up 16 cents, or 0.2%, while U.S. West Texas Intermediate (WTI) closed flat at $63.88. For the week, Brent fell 4.4%, while WTI posted a 5.1% decline from last Friday’s close. The market remains focused on geopolitical developments after reports emerged that the U.S. and Russia are actively negotiating terms […]

Oil prices fell for a sixth straight session on Thursday, as hopes for a diplomatic breakthrough between the U.S. and Russia continued to weigh on market sentiment. Brent crude settled at $66.43, down 46 cents, or 0.7%, while U.S. West Texas Intermediate (WTI) closed at $63.88, a drop of 47 cents, or 0.7%. The decline […]

Brent crude settled at $66.89, down 75 cents, or 1.1%, while U.S. West Texas Intermediate (WTI) fell 81 cents, or 1.2%, to close at $64.35. Both contracts marked their fifth consecutive daily loss, with Brent notching its weakest close since June 10 and WTI its lowest since June 5. The market’s tone was shaped by […]

Brent crude settled at $67.64, down $1.12 (−1.63%), while U.S. West Texas Intermediate (WTI) closed at $65.16, falling $1.13 (−1.7%). Both benchmarks marked their lowest closes in five weeks. The pressure on prices follows OPEC+’s decision to raise production by 547,000 barrels per day in September, the latest step in reversing its earlier output cuts. […]

Brent crude settled down 91 cents (1.3%) at $68.76, while U.S. West Texas Intermediate (WTI) crude fell $1.04 (1.5%) to $66.29. Both benchmarks had already dropped nearly 3% on Friday. OPEC+ agreed on Sunday to raise production by 547,000 barrels per day (bpd) in September—part of a broader move to unwind the group’s largest output […]

Brent crude settled down $2.03 (2.83%) at $69.67, while U.S. West Texas Intermediate (WTI) fell $1.93 (2.79%) to $67.33. Despite Friday’s losses, Brent posted a weekly gain of nearly 6%, and WTI rose 6.29% for the week. OPEC+ may agree as soon as Sunday to raise production by 548,000 barrels per day in September, according […]