Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices surged over 3% on Tuesday, marking their highest levels since June 20, as geopolitical tensions escalated and optimism grew around easing global trade conflicts. Brent crude rose $2.47, or 3.53%, to settle at $72.51 per barrel, while U.S. West Texas Intermediate (WTI) climbed $2.50, or 3.75%, to close at $69.21. The rally followed […]
Oil prices rallied sharply on Monday, climbing over 2% as global markets reacted positively to news of a trade agreement between the United States and the European Union, along with President Donald Trump’s unexpected decision to shorten the timeline for Russia to end its war in Ukraine. Brent crude rose $1.60, or 2.3%, to settle […]
“When you are in the final days of your life, what will you want? Will you hug that college degree in the walnut frame? Will you be asked to be carried to the garage so you can sit in your car? Will you find comfort in rereading your financial statement? Of course not. What will […]
“When you are in the final days of your life, what will you want? Will you hug that college degree in the walnut frame? Will you ask to be carried to the garage so you can sit in your car? Will you find comfort in rereading your financial statement? Of course not. What will matter […]
Oil prices declined on Friday, settling at a three-week low as weak economic data from the U.S. and China and signs of expanding supply weighed on market sentiment. Brent crude settled at $68.44 a barrel, down 74 cents, or 1.1%, while U.S. West Texas Intermediate (WTI) dropped 87 cents, or 1.3%, to $65.16. For the […]
Oil prices edged higher on Thursday before paring gains in the afternoon after news broke that the Trump administration may permit Chevron to resume operations in Venezuela. Brent crude settled up 26 cents at $68.77 a barrel, while U.S. West Texas Intermediate (WTI) crude climbed 44 cents to $65.69. Earlier in the day, both benchmarks […]
Oil prices held steady on Wednesday as markets weighed a modest U.S.-Japan trade agreement against ongoing uncertainties in U.S.-EU and U.S.-China negotiations. Brent crude dipped 8 cents, or 0.12%, to settle at $68.51 a barrel, while U.S. West Texas Intermediate (WTI) fell 6 cents, or 0.09%, to $65.25. U.S. President Donald Trump announced a trade […]
Oil prices fell for a third straight session on Tuesday as fading hopes for a U.S.-EU trade deal heightened fears of a global economic slowdown. Brent crude dropped 82 cents, or 1.2%, to settle at $68.39 a barrel, while U.S. West Texas Intermediate (WTI) crude for August delivery fell $1.05, or 1.6%, to $66.15. The […]
Oil prices settled slightly lower on Monday as markets viewed the latest European sanctions on Russian oil as unlikely to significantly disrupt global supply. Brent crude fell 7 cents, or 0.1%, to $69.21 a barrel, while U.S. West Texas Intermediate declined 14 cents, or 0.2%, to $67.20. The European Union’s 18th sanctions package targeted India’s […]
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