{"id":4612,"date":"2021-10-07T19:02:38","date_gmt":"2021-10-07T23:02:38","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=4612"},"modified":"2023-06-09T16:17:37","modified_gmt":"2023-06-09T20:17:37","slug":"petroleum-daily-report-10-7-2021","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-10-7-2021\/","title":{"rendered":"Petroleum Daily Report 10-7-2021"},"content":{"rendered":"\n<p>Oil prices rebounded slightly today after yesterday\u2019s rout despite the DOE saying that \u201call tools are always on the table\u201d, referencing an FT article yesterday where the US Secretary of Energy was quoted as saying they are considering tapping into the SPR and a potential export ban. &#8220;The crude market might be less tight should the United States tap the strategic crude reserves and if Russia manages to send more natural gas to Europe, this might result in less substitution from natural gas to crude,&#8221; said UBS analyst Giovanni Staunovo. US oil drillers have continued to show restraint despite the latest rally, which is giving OPEC+ more leverage. WTI traded up $.87 or 1.12% to close at $78.30. Brent traded up $1.39 or 1.71% to close at $82.47.<\/p>\n\n\n\n<h3 align=\"center\"><a href=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/10\/Petroleum_Daily1072021.pdf\" download>On Mobile? Click here to download the PDF<\/a><br><embed src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/10\/Petroleum_Daily1072021.pdf\" type=\"application\/pdf\" width=\"100%\" height=\"960\"><\/h3>\n\n\n\n<center><h4>Catch up on the latest and greatest<\/h4><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/2_xraWJr8FM\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe><\/center>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rebounded slightly today after yesterday\u2019s rout despite the DOE saying that \u201call tools are always on the table<\/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-4612","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 Market Report for October 7th, 2021<\/title>\n<meta name=\"description\" content=\"Oil prices rebounded slightly today after yesterday\u2019s rout despite the DOE saying that \u201call tools are always on the table\" \/>\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-10-7-2021\/\" \/>\n<meta name=\"twitter:label1\" 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