Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
On Tuesday, oil prices settled mixed as markets reacted to heightened U.S.-China trade tensions and President Donald Trump’s reinstatement of his “maximum pressure” campaign on Iran. U.S. West Texas Intermediate (WTI) crude fell $0.46 (0.63%) to $72.70 per barrel, while global benchmark Brent crude edged up $0.24 (0.32%) to $76.20 per barrel. Earlier in the […]
Oil prices experienced volatile trading on Monday, initially rising over $1 per barrel before closing at a one-month low as markets reacted to U.S. President Donald Trump’s planned tariffs on Canada, Mexico, and China. The April Brent crude contract settled at $75.96 per barrel, up $0.29 (0.4%), while U.S. West Texas Intermediate (WTI) crude rose […]
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“Yesterday is not ours to recover, but tomorrow is ours to win or lose.” Lyndon B. Johnson 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 -337.47 points (-0.75%) and closing out the week at 44,544.66, up 120.42 points […]
Oil prices eased on Friday, capping a second consecutive week of losses, as investors awaited the implementation of U.S. tariffs on Canadian and Mexican imports, set to take effect on Saturday. Brent crude futures for March delivery, which expired on Friday, settled down $0.11 at $76.76 per barrel, while the more actively traded April contract […]
Oil prices inched higher on Thursday, tempered by concerns over impending U.S. tariffs on Canadian and Mexican crude imports set to take effect this weekend. Brent crude rose $0.29 (0.4%) to $76.87 per barrel, while U.S. crude edged up $0.11 (0.2%) to $72.73, slightly recovering from Wednesday’s lowest settlement of the year. Market jitters grew […]
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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