Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices continued their decline on Tuesday, falling to fresh four-year lows as escalating trade tensions between the U.S. and China deepened recession fears, overshadowing a rebound in equity markets. Brent crude settled at $62.82 a barrel, down $1.39 or 2.16%, while U.S. West Texas Intermediate (WTI) fell $1.12, or 1.85%, to close at $59.58. […]
Oil prices slid 2% on Monday, settling at their lowest levels since April 2021, as escalating global trade tensions fueled fears of a recession and weakened expectations for energy demand. Brent crude fell $1.37, or 2.1%, to settle at $64.21 a barrel, while U.S. West Texas Intermediate (WTI) dropped $1.29, or 2.1%, to $60.70. Both […]
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“What really counts are good endings, not flawed beginnings.” – Ibn Taymiyyah Jobs Update Stocks closed lower on Friday of last week and lower week over week The DOW closed lower on Friday of last week, down 2,231.07 points (-5.5%) and closing out the week at 38,314.86, down -3,268.73 points week-over-week. The S&P 500 closed […]
Oil prices tumbled on Friday, plunging roughly 7% to settle at their lowest levels in over three years, as China’s announcement of steep new tariffs on U.S. goods escalated global trade tensions and stoked recession fears. Brent crude dropped $4.56, or 6.5%, to close at $65.58 a barrel, while U.S. West Texas Intermediate (WTI) slid […]
Oil prices plunged on Thursday, marking their steepest percentage drop since 2022, after OPEC+ unexpectedly increased output a day after President Donald Trump introduced sweeping new import tariffs. Brent crude settled at $70.14 per barrel, down $4.81 or 6.42%, while WTI closed at $66.95, falling $4.76 or 6.64%. Brent posted its largest decline since August […]
Oil prices edged higher on Wednesday as traders anticipated U.S. reciprocal tariffs set to be announced later today, which could heighten investor uncertainty and the risk of a global trade war, potentially dampening crude demand. Brent crude rose 46 cents (+0.6%) to $74.95, while WTI gained 51 cents (+0.7%) to $71.71. The market largely shrugged […]
Oil prices edged lower on Tuesday as traders braced for reciprocal tariffs that President Trump is set to announce, raising concerns about a deepening global trade war. Brent crude fell 28 cents (-0.37%) to $74.49, while WTI crude declined 28 cents (-0.39%) to $71.20, retreating from Monday’s five-week highs. Market sentiment remained cautious as details […]
Oil prices surged to a five-week high on Monday as geopolitical tensions and potential supply disruptions drove market concerns. Brent crude rose $1.11 (+1.5%) to close at $74.74 per barrel, while WTI crude gained $2.12 (+3.1%) to settle at $71.48 per barrel. The Brent-WTI spread narrowed to $3.02, its lowest since July 2024. The price […]
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