The Petroleum Daily Report by PFL Petroleum Services LLC shows the settle prices on the petroleum commodities such as crude, BRENT, WTI, natural gas, RBOB, ULSD, propane, and butane.
PFL does display both Gulf and NYH prices. Equities include Nasdaq, TSX and S&P 500.
For more information on the commodity based markets or questions about RIN data contact PFL Petroleum at 239-390-2885.
U.S. oil prices fell more than they have in months on today, dropping below $80 per barrel for the first time since March in response to signs of weak demand and an easing of Middle East tensions. The strong dollar isn’t helping either. Oil, which is priced in dollars, tends to fall when the greenback […]
Oil prices fell 1% on Tuesday, extending losses from Monday, on the back of rising U.S. crude production, as well as hopes of an Israel-Hamas ceasefire. U.S. crude production rose to 13.15 million barrels per day (bpd) in February from 12.58 million bpd in January in its biggest monthly increase since October 2021 according to […]
Oil prices were lower today trading down as Middle East tensions eased. “You’re seeing the geopolitical risk premium leak out again today because of no new escalation in the Israel-Hamas situation,” said John Kilduff, partner at Again Capital LLC. “A ceasefire or hostage negation release would take out even more risk premium.” U.S. monthly inflation […]
Oil prices settled higher today, garnering support from middle east tensions but a stronger dollar gave prices a ceiling. Israel stepped up air strikes on Rafah on Thursday after saying it would evacuate civilians from city in southern Gaza and launch an assault if no progress was made on the hostages. “Israel is not afraid […]
Oil prices were higher today on worries of Middle East supply disruptions. Treasury Secretary Janet Yellen told Reuters U.S. economic growth was likely stronger than suggested by weaker-than-expected quarterly data. Before Yellen’s comments, oil prices had been pressured by data showing economic growth slowed more than expected in the first quarter. An acceleration in inflation […]
Oil prices were lower today as worries over Middle east conflict continued to ease. “It appears the fundamentals that we trade with are leaning towards a little settling down in the Middle East,” said Tim Snyder, economist at Matador Economics. A draw in US crude inventories this week gave prices a floor as stockpiles fell […]
Oil prices were higher today as the dollar fell to its lowest level in more than a week. S&P global data showed US business activity cooled in April to a four month low on weaker demand. Investors are looking to the release later this week of U.S. first-quarter gross domestic product data as well as […]
Oil prices were lower today as traders were focused on market fundamentals seeing little near term risk of a flare up in Middle East tensions. “The fundamentals on oil are strong,” Flynn said. “The expectation is the markets are going to tighten this summer on the supply side.” Economic concerns have again become a bearish […]
Oil prices were slightly higher today, posting a weekly decline after the Middle East risk premium came out of prices. Both benchmarks spiked more than $3 a barrel earlier in the session after explosions were heard in the Iranian city of Isfahan in what sources described as an Israeli attack. However, the gains were capped […]
Oil prices remained near a three-week low as investors assessed mixed U.S. economic data, U.S. sanctions on Venezuela and Iran, and easing tensions in the Middle East. Increased interest in energy trading lifted open interest in Brent futures to its highest level since February 2021. In the U.S., unchanged unemployment claims suggested ongoing labor market […]