Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil futures slipped on Monday, retreating from multi-week highs due to weaker-than-expected consumer spending in China and investor caution ahead of the U.S. Federal Reserve’s interest rate decision. Brent crude fell 58 cents (0.8%) to settle at $73.91 a barrel, while U.S. West Texas Intermediate (WTI) dropped 58 cents (0.8%) to $70.71. Both benchmarks had […]
Oil futures slipped on Monday, retreating from multi-week highs due to weaker-than-expected consumer spending in China and investor caution ahead of the U.S. Federal Reserve’s interest rate decision. Brent crude fell 58 cents (0.8%) to settle at $73.91 a barrel, while U.S. West Texas Intermediate (WTI) dropped 58 cents (0.8%) to $70.71. Both benchmarks had […]
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“Whenever you do a thing, act as if all the world were watching.” Thomas Jefferson Jobs Update Stocks closed mixed on Friday of last week and mixed week over week The DOW closed lower on Friday of last week, down -86.06 points (-0.2%) and closing out the week at 43,828.06, down -814.46 points week-over-week. The […]
Oil prices climbed about 2% on Friday, reaching a three-week high on expectations of tighter supplies from sanctions on Russia and Iran, and optimism that lower interest rates in Europe and the U.S. could boost fuel demand. Brent crude settled at $74.49, up $1.08 (1.5%), while U.S. West Texas Intermediate (WTI) rose $1.27 (1.8%) to […]
Oil prices saw minimal movement on Thursday, balancing concerns over ample supply with optimism for a potential Federal Reserve rate cut. Brent crude settled at $73.41, down $0.11 or 0.15%, while U.S. West Texas Intermediate (WTI) closed at $70.02, declining $0.27 or 0.38%. The International Energy Agency (IEA) revised its 2024 demand outlook slightly upward […]
Oil prices climbed over $1 on Wednesday, buoyed by the European Union’s agreement on a new sanctions package targeting Russian oil flows, which could tighten global crude supply. Brent crude rose $1.33 (1.84%) to settle at $73.52 per barrel, while U.S. West Texas Intermediate increased $1.70 (2.48%) to $70.29. The EU’s 15th sanctions package focuses […]
Oil prices rose modestly on Tuesday as markets focused on increased Chinese demand and potential European supply tightness for the winter. Brent crude settled at $72.19 per barrel, up 5 cents (0.07%), while U.S. West Texas Intermediate closed at $68.59, gaining 22 cents (0.32%). This followed more than 1% gains for both benchmarks on Monday. […]
Oil prices rose over 1% on Monday, supported by heightened geopolitical risks following the ousting of Syrian President Bashar al-Assad and indications that China may adopt a looser monetary policy for the first time since 2010. Brent crude gained $1.02, or 1.4%, settling at $72.14 per barrel, while WTI crude increased $1.17, or 1.7%, to […]
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