{"id":9637,"date":"2023-05-24T21:00:48","date_gmt":"2023-05-25T01:00:48","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=9637"},"modified":"2023-06-08T16:50:03","modified_gmt":"2023-06-08T20:50:03","slug":"petroleum-daily-report-5-24-2023","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-5-24-2023\/","title":{"rendered":"Petroleum Daily Report 5-24-2023"},"content":{"rendered":"\n<p>Oil prices rose 2% today after a large unexpected drawdown of Crude inventories. Crude inventories had a massive draw of 12.5MM\/bbls. Inventories were forecasted to increase by 800K\/bbls. Gasoline stocks fell by 2.1MM\/bbls and distillate stockpiles fell by 600K\/bbls. With Memorial Day coming up peak driving season is upon us. Refiners are absolutely going max out with refinery runs right now, trying to keep up with demand, said Phil Flynn, an analyst at Price Futures Group. WTI traded up $1.43 or 2% to close at $74.34. Brent traded up $1.52 or 2% to close at $78.36.<\/p>\n\n\n\n<h3 align=\"center\"><a href=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/05\/Petroleum_Daily5242023.pdf\" download>On Mobile? Click here to download as PDF<\/a><br><embed src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/05\/Petroleum_Daily5242023.pdf\" type=\"application\/pdf\" width=\"100%\" height=\"960\" title=\"Petroleum Market Report for 5-24-2023\" alt=\"Oil prices rose 2% today after a large unexpected draw down of Crude inventories. Crude inventories had a massive draw of 12.5MM\/bbls. Inventories were forcasted to increase 800K\/bbls. Gasoline stocks fell by 2.1MM\/bbls and distillate stockpiles fell by 600K\/bbls. With Memorial Day coming up peak driving season is upon us. Refiners are absolutely going max out with refinery runs right now, trying to keep up with demand, said Phil Flynn, an analyst at Price Futures Group. WTI traded up $1.43 or 2% to close at $74.34. Brent traded up $1.52 or 2% to close at $78.36.\"><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose 2% today after a large unexpected drawdown of Crude inventories. Crude inventories had a massive draw of 12.5MM\/bbls.<\/p>\n","protected":false},"author":2,"featured_media":5800,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-9637","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 May 24th, 2023<\/title>\n<meta name=\"description\" content=\"Oil prices rose 2% today after a large unexpected drawdown of Crude inventories. Crude inventories had a massive draw of 12.5MM\/bbls.\" \/>\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-5-24-2023\/\" \/>\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-5-24-2023\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-5-24-2023\\\/\"},\"author\":{\"name\":\"David Cohen\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/a1626ada30eb419d743c03635e5ea619\"},\"headline\":\"Petroleum Daily Report 5-24-2023\",\"datePublished\":\"2023-05-25T01:00:48+00:00\",\"dateModified\":\"2023-06-08T20:50:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-5-24-2023\\\/\"},\"wordCount\":106,\"publisher\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-5-24-2023\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/patrick-schatz-0tEV0DLlj0s-unsplash.jpg\",\"articleSection\":[\"Petroleum Daily\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-5-24-2023\\\/\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-5-24-2023\\\/\",\"name\":\"The PFL Petroleum Markets Report for May 24th, 2023\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-5-24-2023\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-5-24-2023\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/patrick-schatz-0tEV0DLlj0s-unsplash.jpg\",\"datePublished\":\"2023-05-25T01:00:48+00:00\",\"dateModified\":\"2023-06-08T20:50:03+00:00\",\"description\":\"Oil prices rose 2% today after a large unexpected drawdown of Crude inventories. 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