{"id":3053,"date":"2021-03-11T18:02:00","date_gmt":"2021-03-11T23:02:00","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=3053"},"modified":"2023-06-14T20:39:56","modified_gmt":"2023-06-15T00:39:56","slug":"petroleum-daily-report-3-11-2021","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-3-11-2021\/","title":{"rendered":"Petroleum Daily Report 3-11-2021"},"content":{"rendered":"\n<p>Crude oil prices brushed off bearish inventory reports from the EIA with prices settling higher. Brent settled up $1.73 to $69.63 while WTI gained $1.58 to settle at $66.02. US fuel consumption increased 10% last week from the prior week and shows signs of continued increase. \u201cRefined products and particularly gasoline has been leading the most recent charge higher in oil prices,\u201d said Ryan Fitzmaurice, commodities strategist at Rabobank. \u201cOn the demandside, the vaccine rollout is progressing quite rapidly, boding well for a surge in summer driving, especially in the West which has lagged the economic recovery witnessed in Asia.\u201d<\/p>\n\n\n\n<h3 align=\"center\"><a href=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/03\/Petroleum_Daily3112021.pdf\">Click here if viewing from mobile<\/a><br><embed src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/03\/Petroleum_Daily3112021.pdf\" type=\"application\/pdf\" width=\"100%\" height=\"960\"><\/h3>\n\n\n\n<center><h4>Missed our Morning Podcast? Catch up here!<\/h4><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/GqcwpeFDYAA\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe><\/center>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil prices brushed off bearish inventory reports from the EIA with prices settling higher. Brent settled up $1.73 to $69.63 while WTI gained $1.58 to settle at $66.02. US fuel consumption increased 10% last week from the prior week and shows signs of continued increase. \u201cRefined products and particularly gasoline has been leading the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2651,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-3053","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 March 11th, 2021<\/title>\n<meta name=\"description\" content=\"Crude oil prices brushed off bearish inventory reports from the EIA with prices settling higher. Brent settled up $1.73 to $69.63 while WTI gained $1.58 to settle at $66.02.\" \/>\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-3-11-2021\/\" \/>\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-3-11-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-3-11-2021\\\/\"},\"author\":{\"name\":\"David Cohen\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/a1626ada30eb419d743c03635e5ea619\"},\"headline\":\"Petroleum Daily Report 3-11-2021\",\"datePublished\":\"2021-03-11T23:02:00+00:00\",\"dateModified\":\"2023-06-15T00:39:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-3-11-2021\\\/\"},\"wordCount\":113,\"publisher\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-3-11-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/capitol-building.jpg\",\"articleSection\":[\"Petroleum Daily\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-3-11-2021\\\/\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-3-11-2021\\\/\",\"name\":\"The PFL Petroleum Markets Report for March 11th, 2021\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-3-11-2021\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-3-11-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/capitol-building.jpg\",\"datePublished\":\"2021-03-11T23:02:00+00:00\",\"dateModified\":\"2023-06-15T00:39:56+00:00\",\"description\":\"Crude oil prices brushed off bearish inventory reports from the EIA with prices settling higher. 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