PFL Railcar Report 3-17-2025

“The greatest teacher I know is the job itself.” – James Cash Penney Jobs Update Stocks closed higher on Friday of last week, but lower week over week The DOW closed higher on Friday of last week, up 674.62 points (1.65%) and closing out the week at 41,488.19, down -1,313.53 points week-over-week. The S&P 500 […]

Petroleum Daily Report 3-14-2025

Oil prices rebounded by 1% on Friday, closing the week nearly unchanged as investors weighed diminishing prospects for a quick Ukraine war resolution that could ease sanctions on Russian oil. Brent settled up 70 cents (1%) at $70.58, while WTI rose 63 cents (1%) to $67.18. This followed Thursday’s 1.5% and 1.7% declines, respectively. Both […]

Petroleum Daily Report 3-13-2025

Oil prices fell over 1% on Thursday as concerns over tariff wars and uncertainty surrounding a U.S. proposal for a Russia-Ukraine ceasefire weighed on the market. Brent settled down $1.07 (1.5%) at $69.88, while WTI dropped $1.13 (1.7%) to $66.55. The International Energy Agency (IEA) revised its 2025 oil demand growth forecast down by 70,000 […]

Petroleum Daily Report 3-12-2025

Oil prices rose 2% on Wednesday as U.S. government data showed smaller-than-expected crude inventory builds and larger-than-expected fuel draws, indicating stronger demand. Brent settled up $1.39 (2%) at $70.95, while WTI gained $1.43 (2.2%) to $67.68. U.S. crude stockpiles increased by 1.4 million barrels, lower than the 2-million-barrel rise expected. Meanwhile, gasoline inventories fell by […]

Petroleum Daily Report 3-11-2025

Oil prices edged higher on Tuesday, supported by a weaker dollar but capped by concerns over a U.S. economic slowdown and tariffs. Brent settled up $0.28 (0.4%) at $69.56, while WTI gained $0.22 (0.3%) to $66.25. Both had fallen 1.5% in the previous session. A weaker U.S. dollar made oil cheaper for foreign buyers, but […]

Petroleum Daily Report 3-10-2025

Oil prices fell 1% on Monday as concerns grew that U.S. tariffs on Canada, Mexico, and China could slow global economic growth and weaken energy demand, while OPEC+ prepares to increase supply. Brent crude settled down $1.08 (1.5%) at $69.28, and WTI dropped $1.01 (1.5%) to $66.03. WTI posted its seventh consecutive weekly decline, the […]

PFL Railcar Report 3-10-2025

“The fruit of your own hard work is the sweetest.” – Deepika Padukone Jobs Update Stocks closed higher on Friday of last week, but lower week over week The DOW closed higher on Friday of last week, up 222.64 points (0.52%) and closing out the week at 42,801.72, down -1,039.19 points week-over-week. The S&P 500 […]

Petroleum Daily Report 3-7-2025

Oil prices rose on Friday but retreated from session highs after U.S. President Donald Trump threatened sanctions on Russia over its continued military actions in Ukraine. Brent crude settled up $1.10 (1.58%) at $70.56, while WTI gained $1.06 (1.6%) to close at $67.42. Both benchmarks had hit intraday highs of $71.40 and $68.22, respectively, before […]