Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices climbed roughly 1% on Friday, reaching a two-week high, as heightened geopolitical tensions stemming from the escalating Russia-Ukraine war boosted the market’s risk premium. Brent crude rose 94 cents (1.3%) to settle at $75.17 per barrel, while U.S. West Texas Intermediate (WTI) crude gained $1.14 (1.6%) to close at $71.24. For the week, […]
Oil prices rose nearly 2% on Thursday as escalating tensions between Russia and Ukraine raised concerns about global crude supply. Brent crude futures climbed $1.42 (1.95%) to $74.23 per barrel, while U.S. West Texas Intermediate (WTI) crude increased $1.35 (2%) to $70.10. The conflict intensified after Russian President Vladimir Putin announced a hypersonic missile strike […]
Oil prices settled lower on Wednesday, with Brent crude for January falling by $0.50 (0.68%) to $72.81 and the December WTI contract dropping $0.52 (0.75%) to $68.87. The more active WTI January contract ended at $68.75, down $0.49 (0.71%). Prices were pressured by higher-than-expected U.S. crude and gasoline stockpiles, as reported by the Energy Information […]
Oil prices were relatively flat on Tuesday, with Brent crude settling at $73.31 per barrel, up $0.01, and WTI crude closing at $69.39 per barrel, up $0.23 (0.3%). Prices remained steady as escalating tensions in the Russia-Ukraine war raised concerns about potential supply disruptions. Ukraine’s use of U.S. ATACMS missiles against Russian targets and President […]
Oil prices surged over 3% on Monday as Norway’s Johan Sverdrup oilfield halted production due to a power outage, tightening North Sea supply. Brent crude rose $2.26 (3.2%) to settle at $73.30 per barrel, while WTI gained $2.14 (3.2%) to close at $69.16. Repairs at Kazakhstan’s Tengiz oilfield, cutting output by up to 30%, further […]
“You are always free to change your mind and choose a different future, or a different past.” – Richard Bach On Mobile? Click here to download the PDF
“You are always free to change your mind and choose a different future, or a different past.” – Richard Bach Jobs Update Stocks closed lower on Friday of last week and lower week over week The DOW closed lower on Friday of last week, down -305.87 points (-0.7%) and closing out the week at 43,444.99, […]
Oil prices fell over 2% on Friday, with Brent settling at $71.04 per barrel, down $1.52 (-2.09%), and WTI at $67.02, down $1.68 (-2.45%). For the week, Brent dropped 4%, while WTI declined 5%, driven by weaker Chinese demand and uncertainty over U.S. Federal Reserve rate cuts. China’s crude refining in October fell 4.6% year-over-year […]
Oil prices closed slightly higher on Thursday after a large draw in U.S. fuel stocks offset oversupply and demand concerns. Brent rose 28 cents (0.4%) to $72.56 a barrel, while U.S. WTI gained 27 cents (0.4%) to $68.70. Both briefly dipped into negative territory during the session. For the week, Brent was set to lose […]
Oil prices rebounded on Wednesday, rising slightly as traders engaged in short-covering after Tuesday’s dip. Brent crude rose 39 cents (0.54%) to $72.28 a barrel, while U.S. WTI gained 31 cents (0.46%) to $68.43. Gains were capped by the dollar hitting a seven-month high, which makes oil pricier for holders of other currencies. Tuesday’s drop […]