Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices declined on Wednesday, with U.S. crude settling at its lowest level of the year, following a larger-than-expected rise in domestic crude stockpiles. Brent crude futures dropped $0.91 (1.2%) to $76.58 per barrel, while U.S. West Texas Intermediate (WTI) fell $1.15 (1.6%) to $72.62. The Energy Information Administration reported a 3.46 million-barrel increase in […]
Oil prices edged higher on Tuesday, recovering from multi-week lows, as the White House reaffirmed U.S. President Donald Trump’s plans to impose 25% tariffs on imports from Canada and Mexico starting Saturday. Brent crude futures rose $0.41 (0.53%) to $77.49 per barrel, while U.S. West Texas Intermediate (WTI) climbed $0.60 (0.82%) to $73.77. Despite these […]
Oil prices dropped about 2% to a two-week low on Monday, driven by news of Chinese startup DeepSeek’s energy-efficient AI model, raising concerns over energy demand for data centers. Brent crude fell $1.42 (1.8%) to $77.08 per barrel, and U.S. West Texas Intermediate (WTI) dropped $1.49 (2.0%) to $73.17, marking their lowest closes since Jan. […]
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“There is nothing impossible to him who will try.” -Alexander the Great Jobs Update Stocks closed lower on Friday of last week, but mixed week over week The DOW closed lower on Friday of last week, down -140.82 points (-0.32%) and closing out the week at 44,424.25, up 936.42 points week-over-week. The S&P 500 closed […]
Oil prices edged slightly higher on Friday but posted a weekly decline, ending a four-week streak of gains. Brent crude futures settled up 21 cents (0.27%) at $78.50 per barrel, while U.S. West Texas Intermediate (WTI) rose 4 cents (0.05%) to $74.66. Despite these gains, Brent fell 2.8% for the week, and WTI dropped 4.1%. […]
Oil prices fell on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to lower oil costs during his address at the World Economic Forum. Brent crude settled down 71 cents (0.9%) at $78.29 per barrel, while U.S. West Texas Intermediate (WTI) dropped 82 cents (1.09%) to $74.62. Trump’s call for lower oil […]
Oil prices fell on Wednesday as markets assessed the potential impact of U.S. President Donald Trump’s proposed tariffs on global economic growth and energy demand. Brent crude declined by 29 cents (0.4%) to settle at $79.00 per barrel, while U.S. West Texas Intermediate (WTI) dropped 39 cents (0.5%) to $75.44. This marked Brent’s fifth consecutive […]
Oil prices fell on Tuesday, driven by concerns of oversupply and heightened U.S. output following President Donald Trump’s declaration of a national energy emergency on his first day in office. Brent crude futures dropped 86 cents (1.1%) to $79.29 per barrel, while U.S. West Texas Intermediate (WTI) for February delivery declined $1.99 (2.6%) to $75.89 […]
“I still believe, in spite of everything, that people are truly good at heart.” -Anne Frank Jobs Update Stocks closed higher on Friday of last week and higher week over week Major indices experienced varied movements this week following geopolitical developments, strong U.S. employment figures, and mixed signs in inflation data. The DOW closed higher […]