Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices eased on Thursday but remained near one-month highs as escalating tensions in the Middle East continued to support a geopolitical risk premium. Brent crude fell 72 cents to settle at $84.23 per barrel, while West Texas Intermediate (WTI) fell 65 cents to $78.95 per barrel after both benchmarks briefly traded higher during the session. Markets remained […]
Oil prices moved modestly higher on Wednesday, supported by another draw in U.S. crude inventories, while traders largely looked past renewed military action between the United States and Iran. Brent crude settled at $84.95 per barrel, up 0.26%, while West Texas Intermediate (WTI) finished at $79.60 per barrel, up 0.33%. U.S. crude inventories declined by […]
Oil prices climbed nearly 2% Tuesday, with both Brent and WTI reaching one-month highs as renewed tensions between the United States and Iran heightened concerns over crude exports from the Middle East and shipping through the Strait of Hormuz. Brent crude settled at $84.73 per barrel, up $1.43 (1.7%), while West Texas Intermediate (WTI) closed […]
Oil prices surged more than 9% Monday, with both Brent and WTI reaching one-month highs after renewed geopolitical tensions raised concerns over crude exports from the Middle East and shipping through the Strait of Hormuz. Brent crude settled at $83.30 per barrel, up $7.29 (9.59%), while West Texas Intermediate (WTI) closed at $78.14 per barrel, […]
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“Reserve your right to think, for even to think wrongly is better than not to think at all.” – Hypatia Jobs Update Initial jobless claims seasonally adjusted for the week ending July 4, 2026 came in at 215,000, versus the adjusted number of 217,000 people from the week prior, down 2,000 people week-over-week. Continuing jobless […]
Oil prices edged lower Friday as traders looked past the latest military exchanges between the United States and Iran and focused on the prospect of improving energy shipments through the Strait of Hormuz. Despite the daily decline, both major crude benchmarks posted solid gains for the week. Brent crude settled at $76.01 per barrel, down […]
Oil prices declined Thursday, with both Brent and WTI falling roughly 2%, as concerns over global economic growth and inflation weighed on demand expectations despite ongoing uncertainty surrounding supply disruptions in the Middle East. Brent crude settled at $76.30 per barrel, down $1.72 (2.2%), while West Texas Intermediate (WTI) closed at $72.08 per barrel, down […]
Oil prices surged Wednesday, with both Brent and WTI posting gains of nearly 5%, after renewed tensions between the United States and Iran raised fears that hostilities could once again disrupt energy shipments through the Strait of Hormuz. Brent crude settled at $78.02 per barrel, up $3.86 (5.2%), while West Texas Intermediate (WTI) closed at […]
Oil prices moved higher Tuesday as renewed geopolitical tensions in the Middle East raised concerns over crude supplies and tanker traffic. The gains accelerated after the close following the U.S. decision to revoke the general license that had temporarily allowed sales of Iranian crude oil. Brent crude settled at $74.16 per barrel, up $2.17 (3.01%), […]