Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices eased about 1% in volatile trade on Thursday following reports that the U.S. and Israel are attempting to restart talks on a potential ceasefire in Gaza. “(The) energy complex continues to zig and zag as Middle East risk premium expands and contracts almost daily,” analysts at energy advisory firm Ritterbusch and Associates said […]
Oil prices dropped on Wednesday due to higher-than-expected U.S. crude inventory builds, despite ongoing concerns about the Middle East conflict keeping prices elevated earlier in the week. Brent crude futures fell by $1.08, or 1.42%, settling at $74.96 per barrel, while U.S. West Texas Intermediate crude futures dropped by $1.32, or 1.83%, to $70.77 per […]
Oil prices continued to climb for the second straight session on Tuesday, driven by doubts over the potential for a Middle East ceasefire and optimism about increasing demand from China. Brent crude futures for December delivery increased by $1.75 (2.4%) to settle at $76.04 per barrel, while U.S. West Texas Intermediate (WTI) crude futures for […]
Oil prices rebounded on Monday, settling nearly 2% higher after last week’s significant losses. Brent crude futures rose by $1.23 (1.68%) to $74.29 per barrel, while U.S. West Texas Intermediate (WTI) futures increased by $1.34 (1.94%) to $70.56 per barrel. These gains come after both benchmarks dropped over 7% last week, their largest weekly losses […]
“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” – Winston Churchill On Mobile? Click here to download the PDF
“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”-Winston Churchill 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 36.86 points (0.09%), closing out the week at 43,275.91, up 412.06 points week-over-week. […]
Oil futures declined on Friday, with Brent crude falling by $1.39 (1.87%) to settle at $73.06 per barrel, and U.S. West Texas Intermediate (WTI) dropping by $1.45 (2.05%) to $69.22. Both benchmarks saw their steepest weekly declines since early September, with Brent down over 7% and WTI losing about 8%. Concerns over slowing economic growth […]
Oil prices edged up slightly on Thursday, recovering from recent two-week lows following data showing a drop in U.S. crude and fuel inventories. Brent crude rose by 23 cents (0.31%) to settle at $74.45 a barrel, while U.S. West Texas Intermediate (WTI) ended down 28 cents (0.4%) at $70.67. U.S. crude inventories fell by 2.2 […]
Oil prices dropped over 4% on Tuesday, hitting a near two-week low, due to a weakened demand outlook and a report indicating that Israel would not target Iranian nuclear or oil sites, alleviating concerns of supply disruptions. Brent crude fell $3.21 (4.14%) to $74.25 a barrel, while West Texas Intermediate (WTI) dropped $3.25 (4.4%) to […]
Oil prices dropped over 4% on Tuesday, hitting a near two-week low, due to a weakened demand outlook and a report indicating that Israel would not target Iranian nuclear or oil sites, alleviating concerns of supply disruptions. Brent crude fell $3.21 (4.14%) to $74.25 a barrel, while West Texas Intermediate (WTI) dropped $3.25 (4.4%) to […]