Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices moved higher on Tuesday as fading expectations for a U.S.-Iran peace agreement renewed concerns that disruptions to Middle Eastern oil supplies could persist. Brent crude settled at $88.91 per barrel, up $1.19, or 1.4%, while West Texas Intermediate (WTI) settled at $83.20, up $1.07, or 1.3%. Both benchmarks reached their highest closing levels […]
Crude oil prices surged roughly 5% on Monday as uncertainty over negotiations between the United States and Iran raised concerns that the Strait of Hormuz could remain closed for an extended period. Brent crude settled up $4.17, or 4.99%, at $87.72 per barrel, while WTI gained $3.95, or 5.05%, to settle at $82.13 per barrel. […]
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“Opportunity is missed by most people because it is dressed in overalls and looks like work.” – Thomas A. Edison Jobs Update Initial jobless claims seasonally adjusted for the week ending August 1, 2026 came in at 199,000, versus the adjusted number of 198,000 people from the week prior, up 1,000 people week-over-week. Continuing jobless […]
Crude oil prices moved higher on Friday as uncertainty surrounding negotiations over the reopening of the Strait of Hormuz continued to support a geopolitical risk premium. Brent crude settled up $1.06, or 1.3%, at $83.55 per barrel, while WTI gained $0.89, or 1.15%, to settle at $78.18 per barrel. Market participants remained focused on ongoing […]
Crude oil prices rallied sharply on Thursday as escalating geopolitical tensions in the Middle East renewed concerns over potential disruptions to global oil supplies. Brent crude settled up $3.04, or 3.83%, at $82.49 per barrel, while WTI gained $2.07, or 2.75%, to settle at $77.29 per barrel. The market reacted after reports that an Iranian […]
Crude oil prices finished mixed on Wednesday as optimism surrounding potential de-escalation between the United States and Iran weighed on market sentiment, while renewed shipping threats in key export corridors helped limit losses. Brent crude settled slightly higher at $79.45 per barrel, while WTI closed 55 cents lower at $75.22 per barrel. Markets continued to […]
Oil prices declined sharply on Tuesday, extending recent losses to three-week lows as renewed optimism over diplomatic negotiations between the United States and Iran reduced concerns about prolonged supply disruptions in the Middle East. Hopes that an agreement could eventually restore shipping through the Strait of Hormuz outweighed ongoing constraints on crude exports from the […]
Oil prices fell sharply on Monday after President Donald Trump delayed threatened military action against Iran, raising hopes that renewed diplomacy could eventually ease supply disruptions and restore oil exports from the Gulf. Despite the steep decline, markets remained highly sensitive to developments surrounding the conflict, with uncertainty over shipping through key Middle Eastern trade […]
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