Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices rose today on signs of improving demand. Prices drew support from expectations of strong U.S. gasoline demand, as motorist group AAA forecast this year’s Memorial Day travel activity will be the highest since 2005, with road trips at a record since 2000. On the supply front, investors are watching for potential oil supply […]
“To effectively communicate, we must realize that we are all different in the way we perceive the world and use this understanding as a guide to our communication with others.” – Tony Robbins Jobs Update Stocks closed mixed on Friday of last week, but higher week over week The DOW closed higher on Friday of […]
Oil prices fell by nearly $1/bbl on Friday as central bank officials indicated higher for longer interest rates, which strengthened the dollar and could hinder demand. v Dallas Federal Reserve President Lorie Logan on Friday said it was unclear whether monetary policy was tight enough to bring down inflation to the U.S. central bank’s 2% […]
Oil prices were higher today, edging up to one week highs closing at their highest since the 30th. Data from China and the US both showed demand could rise. “Oil prices traded in a very tight range. There’s not a lot of oil news out there. The geopolitical news from the Middle East is in […]
Oil prices rose today on a larger than expected crude oil draw. Shrinking inventories indicating tighter supply helped prices as inventories fell by 1.4MM.bbls. This is higher than the 1.1 million bbl draw expected as refinery activity also increased. A weaker than expected US jobs report also helped boost prices as it raised expectations that […]
Oil prices were lower today trading down on easing of supply tightness. Markets traded down further after hours as the API survey showed a jump a crude inventories. “If EIA shows less barrels are going into the refineries, then that is a problem for crude oil here,” Mizuho analyst Robert Yawger said. “Heading into peak […]
Oil prices steadied ending the day largely unchanged as a ceasefire in the middle east remained elusive. Earlier in the day some news organizations reported a ceasefire agreement had been reach which sent prices lower. Ultimately this was disputed and prices traded higher later in the session. “(A possible agreement) took some air out of […]
“If knowledge can create problems, it is not through ignorance that we can solve them.” – Isaac Asimov Jobs Update Stocks closed higher on Friday of last week and up week over week The DOW closed higher on Friday of last week, up 450.02 points (1.18%), closing out the week at 38,675.68, up 436.02 points […]