{"id":12936,"date":"2023-12-18T19:11:21","date_gmt":"2023-12-19T00:11:21","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=12936"},"modified":"2023-12-19T09:24:13","modified_gmt":"2023-12-19T14:24:13","slug":"petroleum-daily-report-12-18-2023","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-12-18-2023\/","title":{"rendered":"Petroleum Daily Report 12-18-2023"},"content":{"rendered":"\n<p>Oil prices rose nearly 2% as investors were concerned about disruptions to maritime trade. Geopolitical tensions are rising as ships in the Red Sea are falling under attack by rebel groups in Yemen. &#8220;There are now the increased supply costs to consider as a growing number of oil tankers are halting all sails through the Red Sea strait,&#8221; said Fawad Razaqzada, market analyst at StoneX. U.S. Defense Secretary Lloyd Austin said Washington was building a coalition to address the Houthi threat and said defense ministers from the region and beyond would hold virtual talks on the issue on Tuesday. However, ample oil supply limited price gains on Monday. Brent and U.S. crude for prompt delivery traded at a discount to future deliveries, signaling a well-supplied physical market. WTI traded up $1.04 or 1.5% to close at $72.47. Brent traded up $1.40 or 1.8% to close at $77.95.<\/p>\n\n\n\n<h3 align=\"center\"><a href=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/12\/Petroleum_Daily12182023.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\/12\/Petroleum_Daily12182023.pdf\" type=\"application\/pdf\" width=\"100%\" height=\"960\" title=\"Crude Oil Report\" alt=\"\">\n\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 Resor<\/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>Oil prices rose nearly 2% as investors were concerned about disruptions to maritime trade. Geopolitical tensions are rising as ships in the Red Sea are falling under attack by rebel groups in Yemen. &#8220;There are now the increased supply costs to consider as a growing number of oil tankers are halting all sails through the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1860,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-12936","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 v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The PFL Petroleum Markets Report for December 18th, 2023<\/title>\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-12-18-2023\/\" \/>\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-12-18-2023\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-12-18-2023\\\/\"},\"author\":{\"name\":\"David Cohen\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/a1626ada30eb419d743c03635e5ea619\"},\"headline\":\"Petroleum Daily Report 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For questions concerning the Daily Petroleum Markets Report or suggestions for a future release contact squad@pflpetroleum.com\",\"sameAs\":[\"https:\\\/\\\/pflpetroleum.com\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/in\\\/david-cohen-b81b57277\\\/\"],\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/author\\\/cohen\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The PFL Petroleum Markets Report for December 18th, 2023","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-12-18-2023\/","twitter_misc":{"Written by":"David Cohen","Est. reading time":"1 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