Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
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 […]
Oil prices settled largely unchanged in volatile trade on Thursday, with Brent rising 16 cents (0.2%) to $69.46 and WTI gaining 5 cents (0.1%) to $66.36. Brent had previously hit a low of $68.33 on Wednesday, its weakest since December 2021, following a larger-than-expected U.S. crude inventory build, OPEC+’s decision to raise output for the […]
Oil prices fell for the fourth straight session on Wednesday due to a larger-than-expected U.S. crude inventory build, OPEC+’s planned output increase, and trade tensions. Brent crude settled at $69.30, down $1.74 (2.45%), while WTI closed at $66.31, down $1.95 (2.86%). U.S. crude inventories rose by 3.6 million barrels to 433.8 million, far exceeding expectations […]
Oil prices dropped to multi-month lows on Tuesday as OPEC+ confirmed its first production increase since 2022, while U.S. tariffs on Canada, Mexico, and China—along with Beijing’s retaliatory measures—added pressure. Brent crude settled at $71.04, down $0.58 or 0.8%, after hitting a session low of $69.75, its weakest since September. WTI crude fell to $68.26, […]
Oil prices fell about 2% to a 12-week low on Monday as OPEC+ confirmed it would proceed with a planned production increase in April, while concerns grew that U.S. tariffs could slow global economic growth and reduce oil demand. Brent settled at $71.62 (-1.6%), and WTI closed at $68.37 (-2.0%), marking their lowest levels since […]
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“Develop a passion for learning. If you do, you will never cease to grow.” – Anthony J. D’Angelo Jobs Update Stocks closed higher on Friday of last week, but mixed week over week The DOW closed higher on Friday of last week, up 601.41 points (1.39%) and closing out the week at 43,840.91, up 412.9 […]
Oil prices fell on Friday, marking their first monthly decline since November, as geopolitical tensions and trade concerns weighed on the market. Brent settled at $73.18 (-1.16%), while WTI closed at $69.76 (-0.84%). Both benchmarks faced downward pressure amid volatility stemming from an Oval Office argument between Presidents Trump and Zelenskiy over a potential Russia-Ukraine […]
Oil prices rebounded over 2% on Thursday as supply concerns emerged following President Trump’s revocation of Chevron’s license to operate in Venezuela. Brent rose to $74.04 (+2.1%), while WTI climbed to $70.35 (+2.5%), recovering from their lowest settlements since December 10. The Chevron decision prevents the company from exporting Venezuelan crude, potentially tightening supply. If […]
Oil prices dropped to two-month lows on Wednesday as a surprise increase in U.S. fuel stockpiles signaled weakening demand, while ongoing Russia-Ukraine peace negotiations continued to pressure prices. Brent fell to $72.54 (-0.67%), and WTI dropped to $68.62 (-0.45%) by early afternoon.The U.S. Energy Information Administration reported unexpected builds in gasoline and distillate inventories, even […]