PFL Railcar Report 2-24-2025

“I, not events, have the power to make me happy or unhappy today. I can choose which it shall be. Yesterday is dead, tomorrow hasn’t arrived yet. I have just one day, today, and I’m going to be happy in it.”  -Groucho Marx Jobs Update Stocks closed lower on Friday of last week and lower […]

Petroleum Daily Report 2-21-2025

Oil prices fell over $2 a barrel on Friday, with Brent settling at $74.43 (-2.68%) and WTI at $70.40 (-2.87%), marking a weekly decline of 0.4% and 0.5%, respectively. The drop was driven by easing geopolitical tensions, particularly a fading Middle East risk premium as the Gaza ceasefire held, along with uncertainty over a potential […]

Petroleum Daily Report 2-20-2025

Oil prices extended their gains for a third straight session on Thursday, driven by drawdowns in U.S. gasoline and distillate inventories and ongoing supply concerns in Russia. Brent crude settled up 44 cents (0.58%) at $76.48 per barrel, while WTI rose 32 cents (0.44%) to $72.57 for March delivery. The more-actively traded April WTI contract […]

Petroleum Daily Report 2-19-2025

Oil prices closed at their highest level since February 11, 2025 on supply concerns in Russia and the U.S., while the market awaited clarity on sanctions amid U.S.-led peace talks on Ukraine. Brent crude rose 20 cents (0.3%) to $76.04 per barrel, and WTI climbed 40 cents (0.6%) to $72.25 per barrel. Supply risks remain […]

Petroleum Daily Report 2-18-2025

Oil prices settled higher on Tuesday, driven by supply disruptions in Russia and the U.S., while talks to end the war in Ukraine limited gains as a peace deal could ease sanctions on Russian crude. Brent crude rose 62 cents (0.8%) to $75.84 per barrel, while WTI climbed $1.11 (1.6%) to $71.85 per barrel, catching […]

PFL Railcar Report 2-18-2025

“A subtle thought that is in error may yet give rise to fruitful inquiry that can establish truths of great value.”-Isaac Asimov Jobs Update Stocks closed mixed on Friday of last week, but higher week over week The DOW closed lower on Friday of last week, down -165.35 points (-0.37%) and closing out the week […]

Petroleum Daily Report 2-14-2025

Oil prices settled lower on Friday, as optimism over Russia-Ukraine peace negotiations suggested potential relief from sanctions on Moscow, which could increase global energy supplies. Brent crude fell 28 cents (0.37%) to $74.74 per barrel, while WTI dropped 55 cents (0.77%) to $70.74. Despite the daily losses, Brent finished the week with a slight 0.11% […]

Petroleum Daily Report 2-13-2025

Oil prices remained largely steady on Thursday, recovering from earlier losses of more than 1%, as ongoing Russia-Ukraine peace talks weighed on prices, but optimism over a potential pause in new U.S. tariffs provided support. Brent crude futures were down 2 cents (0.02%) at $75.16 per barrel, while WTI gained just 1 cent (0.1%). The […]

Petroleum Daily Report 2-12-2025

Oil prices fell over 2% on Wednesday after U.S. President Donald Trump took initial steps toward diplomacy to resolve the Ukraine war.. Brent crude settled down $1.82 (2.36%) at $75.18 per barrel, while WTI dropped $1.95 (2.66%) to $71.37 per barrel. This decline followed a three-day rally, during which Brent rose 3.6% and WTI gained […]