Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices rose nearly 1% on Thursday, with Brent crude up 71 cents (0.95%) to $75.63 a barrel and U.S. WTI crude increasing 67 cents (0.93%) to $72.36. The market reacted to potential supply impacts from President-elect Donald Trump’s policies, including the possibility of renewed sanctions on Iran and Venezuela, which could reduce oil availability, […]
Oil prices declined on Wednesday, with Brent settling down 0.81% at $74.92 per barrel and WTI down 0.42% to $71.69. Investors weighed a strong U.S. dollar and concerns around foreign-policy implications of President-elect Donald Trump’s re-election. The initial market response saw a sharp drop as the dollar surged to its highest since September 2022, making […]
Oil prices rose around 1% on Tuesday, driven by the potential disruption in U.S. Gulf of Mexico oil production due to Tropical Storm Rafael and a weakening dollar amid the close U.S. presidential race. Brent crude futures increased by 45 cents, or 0.6%, settling at $75.53 a barrel, while WTI crude futures rose 52 cents, […]
Oil prices rose nearly 3% on Monday as OPEC+ announced it would delay a planned increase in output by a month, extending cuts of 2.2 million barrels per day through December due to weak demand and falling prices. Brent crude futures gained $1.98, or 2.7%, reaching $75.08 a barrel, while WTI crude rose by 2.85% […]
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“Wealth consists not in having great possessions, but having few wants.” – Epictetus Jobs Update Stocks closed higher on Friday of last week, but down week over week The DOW closed higher on Friday of last week, up 288.73 points (0.69%) and closing out the week at 42,052.19, down -62.21 points week-over-week. The S&P 500 […]
Oil prices rose slightly on Friday amid reports that Iran was planning a retaliatory strike on Israel from Iraq, though record U.S. oil production limited gains. Brent crude increased by 29 cents, or 0.4%, to settle at $73.10 a barrel, while WTI crude rose 23 cents, or 0.3%, to $69.49. Despite early-session gains of over […]
Oil prices surged on Thursday, jumping over $2 a barrel in post-settlement trading after reports suggested that Iran might launch an attack on Israel from Iraqi territory in the coming days. Brent crude futures rose $2.10, or 2.91%, to $74.26, while WTI crude climbed $2.15, or 3.13%, to $70.76. Reports indicate the attack, expected to […]
Oil prices rebounded on Wednesday, rising more than 2% following unexpected declines in U.S. crude and gasoline inventories. Brent crude futures settled up $1.43, or 2.01%, at $72.55 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.40, or 2.08%, to $68.61. The Energy Information Administration reported that U.S. gasoline stockpiles fell to a […]
Oil prices closed slightly lower on Tuesday, following a steep 6% drop on Monday, as reports surfaced of potential diplomatic efforts in the Middle East. Brent crude futures fell 30 cents, or 0.4%, to settle at $71.12 a barrel, while U.S. West Texas Intermediate (WTI) crude slipped 17 cents, or 0.3%, to $67.21 a barrel. […]