Petroleum Daily Report 5-5-2025

Oil prices fell by more than $1 a barrel on Monday, settling at multi-year lows, as OPEC+’s decision to accelerate output hikes stoked concerns about rising global supply amid an uncertain demand outlook. Brent crude futures settled at $60.23 a barrel, down $1.06, or 1.7%, while U.S. West Texas Intermediate (WTI) crude ended at $57.13 […]

PFL Railcar Report 5-5-2025

“Chains of habit are too light to be felt until they are too heavy to be broken.”  Warren Buffett Jobs Update Stocks closed higher on Friday of last week and higher week over week The DOW closed higher on Friday of last week, up 564.47 points (1.39%) and closing out the week at 41,317.43, up […]

Petroleum Daily Report 5-2-2025

Oil prices ended the week lower on Friday, capping their biggest weekly declines since late March as investors remained cautious ahead of a key OPEC+ meeting expected to shape the group’s production policy for June. West Texas Intermediate (WTI) crude fell 95 cents, or 1.6%, to close at $58.29 per barrel, while Brent crude lost […]

Petroleum Daily Report 5-1-2025

Oil prices were little changed on Thursday, stabilizing after earlier losses as positive corporate earnings and geopolitical delays counterbalanced ongoing concerns about rising supply and weakening U.S. economic data. West Texas Intermediate (WTI) crude futures slipped 15 cents, or 0.3%, to $58.04 per barrel, while Brent crude fell 18 cents, or 0.2%, to settle at […]

Petroleum Daily Report 4-30-2025

Oil prices declined sharply on Wednesday, with both Brent and WTI crude futures posting their largest monthly losses in over three years, as Saudi Arabia signaled it would prioritize market share over price support, and ongoing global trade tensions raised concerns about weakening fuel demand. Brent crude fell $1.13, or 1.76%, to settle at $63.12 […]

Petroleum Daily Report 4-29-2025

Oil prices dropped roughly 2% on Tuesday, hitting their lowest levels since April 10, as mounting concerns about global economic growth and oversupply weighed on markets. Brent crude futures settled at $64.25 per barrel, down $1.61, or 2.4%, while U.S. West Texas Intermediate (WTI) crude ended at $60.42 per barrel, down $1.63, or 2.6%. Investors […]

Petroleum Daily Report 4-28-2025

Oil prices fell sharply on Monday, weighed down by escalating concerns that the ongoing U.S.-China trade war could erode global economic growth and suppress oil demand. Brent crude futures settled at $65.86 per barrel, down $1.01, or 1.51%, while U.S. West Texas Intermediate (WTI) crude ended the session at $62.05 per barrel, down 97 cents, […]

PFL Railcar Report 4-28-2025

“It is difficult to say what is impossible, for the dream of yesterday is the hope of today and the reality of tomorrow.”- Robert H. Goddard Jobs Update Stocks closed higher on Friday of last week and higher week over week The DOW closed higher on Friday of last week, up 20.10 points (0.05%) and […]