Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
“The present is the only time any duty can be done or any grace received.” – C.S. Lewis 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 -410.34 points (-1.01%) closing out the week at 40,345.41 down -1,217.67 points […]
Oil prices fell 2% today with a big loss week over week. U.S. government data showed employment increased less than expected in August, but a drop in the jobless rate to 4.2% suggested an orderly labor market slowdown that may not warrant a big interest rate cut from the Federal Reserve this month. “The jobs […]
Oil prices remained at a 14-month low on Thursday, with Brent settling at $72.69 per barrel, down 1 cent, and WTI at $69.15, down 5 cents (0.1%). Concerns over weak demand in the U.S. and China, along with potential supply increases from Libya, outweighed a significant 6.9 million-barrel drawdown in U.S. crude inventories. OPEC+ delayed […]
Crude prices were lower today trading down on demand worries. There have been some mixed messages out of OPEC+ about whether the group will hike output or not and this has caused some choppy trading. “This sell off moved the attention to what OPEC+’s response would be, which last week looked set to start the […]
Oil prices were lower today tanking to their lowest levels as there are signs of a deal to resolve a dispute with Libyan crude production and exports. China reported on Monday that new export orders fell for the first time in eight months in July and that prices of new homes rose in August at […]
“Life is 10% what happens to you and 90% how you react to it” – Charles R. Swindoll Jobs Update Stocks closed higher on Friday of last week but mixed week over week The DOW closed higher, on Friday of last week up 228.03 points (0.55%) closing out the week at 41,563.08 up 388 points […]
Oil prices fell on Friday as investors weighed expectations of an increase in OPEC+ supply starting in October and dwindling hopes for a significant U.S. interest rate cut. Brent crude futures for October delivery dropped $1.14 (1.43%) to $78.80 a barrel, ending the week down 0.3% and the month down 2.4%. U.S. West Texas Intermediate […]
Oil prices rose by more than a dollar per barrel on Thursday due to supply disruptions in Libya and planned output cuts in Iraq, raising concerns about tighter global supplies. Brent crude increased by $1.29 (1.6%) to $79.94 a barrel, while U.S. West Texas Intermediate (WTI) rose $1.39 (1.9%) to $75.91 a barrel. More than […]
Oil prices dropped by 1% on Wednesday due to a smaller-than-expected decline in U.S. crude stockpiles and concerns about weak Chinese demand. Brent crude fell by 90 cents (1.13%) to $78.65 a barrel, and U.S. West Texas Intermediate (WTI) dropped $1.01 (1.34%) to $74.52. U.S. crude inventories decreased by 846,000 barrels last week, less than […]