{"id":9434,"date":"2023-05-04T20:52:23","date_gmt":"2023-05-05T00:52:23","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=9434"},"modified":"2023-06-16T15:50:00","modified_gmt":"2023-06-16T19:50:00","slug":"petroleum-daily-report-5-4-2023","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-5-4-2023\/","title":{"rendered":"Petroleum Daily Report 5-4-2023"},"content":{"rendered":"\n

On Mobile? Click here to download the PDF<\/a><\/h3>\n\n\n\n

Oil prices were stable today after falling earlier in the week as the ECB decided to slow its pace of rate hikes. Prices fell earlier in the week on concerns about the US economy and weak manufacturing growth In China. “With the Fed possibly pausing, the debt ceiling hopefully resolved this month, the OPEC+ cut felt in a few weeks’ time, and global demand picking up in the second half of the year, we are growing in conviction that the question is not how low oil prices will fall, but how long,” oil broker PVM’s Tamas Varga said. Brent traded up $.09 or .12% to close at $72.42. WTI traded down $.13 or -.19% to close at $68.47.<\/p>\n\n\n\n\n","protected":false},"excerpt":{"rendered":"

Oil prices were stable today after falling earlier in the week as the ECB decided to slow its pace of rate hikes.<\/p>\n","protected":false},"author":2,"featured_media":9320,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-9434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"\nThe PFL Petroleum Markets Report for May 4th, 2023<\/title>\n<meta name=\"description\" content=\"Oil prices were stable today after falling earlier in the week as the ECB decided to slow its pace of rate hikes.\" \/>\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-5-4-2023\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta 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