{"id":8811,"date":"2023-02-21T20:20:54","date_gmt":"2023-02-22T01:20:54","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=8811"},"modified":"2023-06-16T14:51:23","modified_gmt":"2023-06-16T18:51:23","slug":"petroleum-daily-report-2-21-2023","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-2-21-2023\/","title":{"rendered":"Petroleum Daily Report 2-21-2023"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">U.S. West Texas Intermediate (\u201cWTI\u201d) crude for March, which expired today, fell 18 cents per barrel closing at $76.16 per barrel. April closed down 19 cents per barrel closing at $76.27 per barrel. Brent crude oil slipped more than one percent in a volatile session today as persistent concerns about global economic growth outweighed supply curbs and prompted investors to take profits on the previous day\u2019s gains. Brent crude lost US$1.02 per barrel closing at US$83.05 per barrel. Natgas continued to sell off today believe it or not closing at $2.073 per MMBTU down 20.02 cents!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>It seems the focus in the wider financial market is firmly on the release on Wednesday of the minutes of the U.S. Federal Reserve\u2019s latest meeting after recent data raised the risk of interest rates remaining higher for longer persist. Markets got hammered today across all asset classes.<\/p>\n\n\n\n<h3 align=\"center\"><a href=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/02\/Petroleum_Daily2212023.pdf\">Click here if viewing from mobile<\/a><br><embed src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/02\/Petroleum_Daily2212023.pdf\" type=\"application\/pdf\" width=\"100%\" height=\"960\"><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>It seems the focus in the wider financial market is firmly on the release on Wednesday of the minutes of the U.S. Federal Reserve\u2019s latest meeting,<\/p>\n","protected":false},"author":3,"featured_media":8776,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-8811","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 February 21st, 2023<\/title>\n<meta name=\"description\" content=\"It seems the focus in the wider financial market is firmly on the release on Wednesday of the minutes of the U.S. Federal Reserve\u2019s latest meeting,\" \/>\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-2-21-2023\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Curtis Chandler\" \/>\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\" 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He served as the Principal &amp; Director of Blackstone Energy Services Inc. &amp; played a crucial role as the Managing Director of Collingwood Ethanol L.P. He also worked as a Partner at Intercontinental Energy Brokers Inc., specializing in derivatives. Curtis's also served as the Director of Marketing &amp; Supply at Novagas Clearinghouse Ltd., a subsidiary of Dynegy Canada Inc. Additionally, he held the position of VP at Great West Energy Ltd., a subsidiary of Bow Valley Energy Inc., where he played an instrumental role in establishing the company. Curtis also co-founded of Great West Energy with his father in 1988. During the rapid growth of Great West Energy, Curtis oversaw information systems, managed supply purchasing &amp; sales, &amp; played a pivotal role in new market development. Curtis also worked as a market maker at Novagas, responsible for pricing decisions across all regions of Canada. In 1994, he co-founded Chandler Energy Inc. 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