PFL Railcar Report 6-1-2026

“May you live all the days of your life.” – Jonathan Swift Jobs Update Initial jobless claims seasonally adjusted for the week ending May 23, 2026 came in at 215,000, versus the adjusted number of 210,000 people from the week prior, up 5,000 people week over week. Continuing jobless claims came in at 1,786,000, versus […]

Petroleum Daily Report 5-29-2026

Brent crude for July delivery, which expired Friday, settled at $92.05 per barrel, down $1.66, or 1.8%. U.S. West Texas Intermediate (WTI) crude fell $1.54, or 1.7%, to close at $87.36 per barrel. The three-month conflict has repeatedly produced expectations of a breakthrough that would reopen the Strait of Hormuz, a critical shipping lane that […]

Petroleum Daily Report 5-28-2026

Oil prices ended mixed on Thursday after another volatile trading session, as traders weighed conflicting signals surrounding efforts to extend the fragile ceasefire between the United States and Iran. Brent crude for July delivery, which expires Friday, settled down 58 cents, or 0.6%, at $93.71 per barrel. The more actively traded August Brent contract, however, […]

Petroleum Daily Report 5-27-2026

Oil prices tumbled more than 5% on Wednesday as markets focused on signs of progress in negotiations between the United States and Iran aimed at ending the conflict and gradually reopening the Strait of Hormuz. Brent crude settled down $5.29, or 5.31%, at $94.29 per barrel, while U.S. West Texas Intermediate (WTI) crude fell $5.21, […]

Petroleum Daily Report 5-26-2026

Oil prices rose sharply Tuesday after U.S. military strikes in Iran undermined hopes for a near-term agreement between Washington and Tehran that could reopen shipping through the Strait of Hormuz and ease global supply disruptions. Brent crude climbed $3.44, or 3.6%, to settle at $99.58 per barrel. U.S. West Texas Intermediate (WTI) crude, however, fell […]

PFL Railcar Report 5-26-2026

“You cannot over-invest in communication skills.” — Indra Nooyi Jobs Update Initial jobless claims seasonally adjusted for the week ending May 16, 2026 came in at 209,000, versus the adjusted number of 212,000 people from the week prior, down 3,000 people week over week. Continuing jobless claims came in at 1,782,000, versus the adjusted number […]

Petroleum Daily Report 5-22-2026

Bent crude futures settled up 96 cents, or 0.94%, at $103.54 a barrel, while U.S. West Texas Intermediate crude gained 25 cents, or 0.26%, to close at $96.60 a barrel. Despite Friday’s rebound, both contracts posted weekly losses amid continued volatility driven by shifting expectations surrounding U.S.-Iran negotiations. Brent fell 5.48% for the week, while WTI […]

Petroleum Daily Report 5-21-2026

Brent crude futures settled down $2.44, or 2.3%, at $102.58 a barrel, while U.S. West Texas Intermediate crude fell $1.91, or 1.9%, to close at $96.35 a barrel. Both benchmarks ended at their lowest levels in nearly two weeks. Earlier in the session, prices surged as much as 4% after Iran’s supreme leader had issued a […]