Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices surged over 2% on Tuesday as geopolitical tensions and expectations of extended OPEC+ supply cuts boosted the market. Brent crude rose $1.79 (2.5%) to settle at $73.62 per barrel, marking its largest gain in two weeks. U.S. WTI increased by $1.84 (2.7%) to close at $69.94, the highest daily rise since November 18. […]
Oil prices were little changed on Monday as optimism over stronger Chinese demand offset concerns about the U.S. Federal Reserve’s hesitancy to cut interest rates in December. Brent crude dipped 1 cent to $71.83 per barrel, while U.S. WTI rose 10 cents (0.15%) to $68.10. China’s factory activity expanded at its fastest pace in five […]
“Blessed is he who has learned to admire but not envy, to follow but not imitate, to praise but not flatter, and to lead but not manipulate.”– William Arthur Ward On Mobile? Click here to download the PDF
“Blessed is he who has learned to admire but not envy, to follow but not imitate, to praise but not flatter, and to lead but not manipulate.”– William Arthur Ward Jobs Update Stocks closed higher on Friday of last week and higher week over week The DOW closed higher on Friday of last week, up […]
Oil prices were steady on Friday, with Brent crude slipping 15 cents (0.2%) to $73.13 a barrel and U.S. WTI rising 15 cents (0.22%) to $68.87 in light post-Thanksgiving trading. For the week, Brent dropped 2.8%, and WTI fell 3.4%. The Wednesday ceasefire between Israel and Hezbollah reduced oil’s risk premium, contributing to declines despite […]
Oil prices were mostly unchanged on Wednesday, with Brent settling 2 cents higher at $72.83 a barrel and U.S. WTI down 5 cents at $68.72. A larger-than-expected 3.3 million barrel build in U.S. gasoline inventories weighed on prices, despite crude stocks falling by 1.8 million barrels, a sharper decline than anticipated. The ceasefire between Israel […]
Oil prices extended their losses on Tuesday after news of a ceasefire agreement between Israel and Lebanon reduced the geopolitical risk premium. Brent crude settled down 20 cents, or 0.27%, at $72.81 per barrel, while U.S. West Texas Intermediate (WTI) fell 17 cents, or 0.25%, to close at $68.77. The ceasefire, expected to take effect […]
Oil prices dropped over $2 per barrel on Monday following reports that Israel and Lebanon had agreed in principle to a ceasefire deal to end the Israel-Hezbollah conflict. Brent crude settled at $73.01, down $2.16 (2.87%), while U.S. West Texas Intermediate (WTI) closed at $68.94, a decrease of $2.30 (3.23%). The news of potential de-escalation […]
“In order to attain the impossible, one must attempt the absurd.”– Miguel de Cervantes On Mobile? Click here to download the PDF
“In order to attain the impossible, one must attempt the absurd.”-Miguel de Cervantes Jobs Update Stocks closed higher on Friday of last week and higher week over week The DOW closed higher on Friday of last week, up 426.16 points (-0.97%) and closing out the week at 44,296.51, up 851.53 points week-over-week. The S&P 500 […]