Oil and other financial markets fell today on resurgent pandemic fears. Coronavirus cases have been on the rise in 42 of the 50 U.S. states over the past two weeks, according to a Reuters analysis. The fresh surge has prompted some states to reimpose restrictions, such as California, Florida, and Texas. These renewed restrictions are likely to have detrimental effects on any sustained recovery in fuel demand. As reported yesterday, Gasoline demand was at its highest level since March. This data will certainly be watched very closely over the coming weeks. WTI traded down $1.28 or -3.15% to close at $39.62. Brent traded down $.94 or -2.17% to close at $42.35.<\/p>\n\n\n\n
On Mobile? Click here to download the PDF<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Oil and other financial markets fell today on resurgent pandemic fears. Coronavirus cases have been on the rise in 42 of the 50 U.S. states over the past two weeks, according to a Reuters analysis. <\/p>\n","protected":false},"author":2,"featured_media":1216,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-1215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"\nThe PFL Petroleum Market Report for July 9th, 2020<\/title>\n<meta name=\"description\" content=\"WTI traded down $1.28 or -3.15% to close at $39.62. Brent traded down $0.94 or -2.17% to close at $42.35.\" \/>\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-7-9-2020\/\" \/>\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-7-9-2020\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-7-9-2020\\\/\"},\"author\":{\"name\":\"David Cohen\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/a1626ada30eb419d743c03635e5ea619\"},\"headline\":\"Petroleum Daily Report 7-9-2020\",\"datePublished\":\"2020-07-10T03:04:06+00:00\",\"dateModified\":\"2023-06-14T20:11:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-7-9-2020\\\/\"},\"wordCount\":119,\"publisher\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-7-9-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/07\\\/crudeoilmarkets-scaled.jpg\",\"articleSection\":[\"Petroleum Daily\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-7-9-2020\\\/\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-7-9-2020\\\/\",\"name\":\"The PFL Petroleum Market Report for July 9th, 2020\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-7-9-2020\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-7-9-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/07\\\/crudeoilmarkets-scaled.jpg\",\"datePublished\":\"2020-07-10T03:04:06+00:00\",\"dateModified\":\"2023-06-14T20:11:35+00:00\",\"description\":\"WTI traded down $1.28 or -3.15% to close at $39.62. 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Oil and other financial markets fell today on resurgent pandemic fears. Coronavirus cases have been on the rise in 42 of the 50 U.S. states over the past two weeks, according to a Reuters analysis. <\/p>\n","protected":false},"author":2,"featured_media":1216,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-1215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"\n