{"id":10712,"date":"2023-06-15T12:04:00","date_gmt":"2023-06-15T16:04:00","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=10712"},"modified":"2023-07-28T12:26:17","modified_gmt":"2023-07-28T16:26:17","slug":"petroleum-daily-report-6-15-2023","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-6-15-2023\/","title":{"rendered":"Petroleum Daily Report 6-15-2023"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Anyone getting whiplash out there!&nbsp; WTI for July delivery rose $2.35 per barrel closing at $70.62 per barrel &#8211; a one-week high. Brent for August delivery rose $2.47 per barrel closing at $75.67 per barrel.&nbsp; Oil rose as strengthening demand in China outweighed concerns over further interest rate hikes in the U.S at least that was today\u2019s story.&nbsp; China this week issued larger crude-import quotas than a year earlier, and a stimulus package the nation is considering raised hopes for higher demand.&nbsp; Even though we had a big uptick in today\u2019s trade renewed worries are showing up in futures time spreads. Brent\u2019s prompt spread flipped into contango, and WTI\u2019s contango widened to its most bearish level since February. Swelling crude inventories at the storage hub in Cushing, Okla., which have reached the highest since June 2021, are adding to bearish sentiment.&nbsp; As you know anything can change in a moment\u2019s notice \u2013 stay tuned to PFL.<\/p>\n\n\n\n<h3 align=\"center\"><a href=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/06\/Petroleum_Daily6152023.pdf\" download>On Mobile? Click here to download the PDF<\/a><\/h3>\n\n\n\n<embed src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/06\/Petroleum_Daily6152023.pdf\" type=\"application\/pdf\" width=\"100%\" height=\"960\" title=\"Crude Oil Report\" alt=\"\">\n\n\n<figure class=\"wp-block-image size-full\">\r\n\t<img decoding=\"async\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/03\/Stampede-2026.jpg\" alt=\"Stampede\" class=\"wp-image-11405\"\/>\r\n<\/figure>\r\n<font color=\"black\">\r\n\t<ul>\r\n\t\t<li>Where: Calgary<\/li>\r\n\t\t<li>Attending: David Cohen (954-729-4774), Curtis Chandler(239-405-3365), Cyndi Popov (403-402-5043)   <\/li>\r\n\t<\/ul>\r\n<\/font>\r\n\r\n<figure class=\"wp-block-image size-full\">\r\n\t<img decoding=\"async\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/03\/Mars-Lake-Geneva-2026.jpg\" alt=\"swars\" class=\"wp-image-11405\"\/>\r\n<\/figure>\r\n<font color=\"black\">\r\n\t<ul>\r\n\t\t<li>Where: Grand Geneva Resort<\/li>\r\n\t\t<li>Attending: Brian Baker (239.297.4519) <\/li>\r\n\t\t<li><a href=\"https:\/\/www.mwrailshippers.com\/event\/2026-summer-meeting\/\" target=\"_blank\" rel=\"noreferrer noopener\">Conference Website<\/a><\/li>\r\n\t<\/ul>\r\n<\/font>\n","protected":false},"excerpt":{"rendered":"<p>Anyone getting whiplash out there!&nbsp; WTI for July delivery rose $2.35 per barrel closing at $70.62 per barrel &#8211; a one-week high. Brent for August delivery rose $2.47 per barrel closing at $75.67 per barrel.&nbsp; Oil rose as strengthening demand in China outweighed concerns over further interest rate hikes in the U.S at least that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2450,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-10712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The PFL Petroleum Markets Report for June 15th, 2023<\/title>\n<meta name=\"description\" content=\"WTI for July delivery rose $2.35 per barrel closing at $70.62 per barrel - a one-week high. Brent for August delivery rose $2.47 per barrel closing at $75.67 per barrel.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-6-15-2023\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Cohen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-6-15-2023\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-6-15-2023\\\/\"},\"author\":{\"name\":\"David Cohen\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/a1626ada30eb419d743c03635e5ea619\"},\"headline\":\"Petroleum Daily Report 6-15-2023\",\"datePublished\":\"2023-06-15T16:04:00+00:00\",\"dateModified\":\"2023-07-28T16:26:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-6-15-2023\\\/\"},\"wordCount\":178,\"publisher\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-6-15-2023\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/financial-goals.jpg\",\"articleSection\":[\"Petroleum Daily\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-6-15-2023\\\/\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-6-15-2023\\\/\",\"name\":\"The PFL Petroleum Markets Report for June 15th, 2023\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-6-15-2023\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-6-15-2023\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/financial-goals.jpg\",\"datePublished\":\"2023-06-15T16:04:00+00:00\",\"dateModified\":\"2023-07-28T16:26:17+00:00\",\"description\":\"WTI for July delivery rose $2.35 per barrel closing at $70.62 per barrel - a one-week high. 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