PFL Market Reports

Oil prices finished nearly unchanged on Tuesday as increased crude exports from the Middle East helped ease some supply concerns, while continued attacks in the region kept a floor under prices. Markets also weighed plans by the Group of Seven to release emergency crude and diesel inventories. Brent crude rose 26 cents, or 0.3%, to […]

Oil prices fell nearly 2% on Monday as rising Middle Eastern crude exports and a new G7 commitment to release emergency oil and diesel supplies eased some concerns over tight global availability. Brent crude settled at $100.32 a barrel, down $1.93, or 1.89%, while WTI fell $1.68, or 1.84%, to $89.43. The decline was limited […]

Oil prices ended mixed on Friday as expectations for additional European diesel supplies eased some concerns over tight fuel markets, while recovering Middle Eastern crude flows continued to weigh on prices. Brent settled at $102.25 a barrel, down just $0.06, or 0.06%, while WTI fell $1.76, or 1.9%, to $91.11. For the week, Brent gained […]

Oil prices surged on Thursday as concerns over a potential escalation of the U.S.-Iran conflict combined with new restrictions on Chinese fuel exports to raise fears of tighter global energy supplies. The December Brent contract settled at $102.31 a barrel, up $4.28, or 4.37%, while WTI gained $2.45, or 2.71%, to $92.87. The rally accelerated […]

Oil prices moved higher on Wednesday as stalled U.S.-Iran negotiations and tightening fuel inventories outweighed signs of recovering crude exports from the Middle East. Brent November futures, which expired Wednesday, settled at $103.50 a barrel, up $0.94, or 0.9%. The more active December Brent contract gained $1.87, or 1.9%, to $98.03, while WTI rose $1.04, […]

Oil prices fell sharply on Tuesday as signs of improving crude exports from the Middle East eased some supply concerns, although the market remained on track for monthly gains due to ongoing disruptions tied to the U.S.-Israeli war with Iran. Brent crude settled at $102.59 a barrel, down $2.69, or 2.6%, while WTI fell $3.22, […]

Oil prices finished slightly higher on Monday after an early rally faded as traders weighed continued supply disruptions against renewed diplomatic efforts to reopen the Strait of Hormuz. Brent crude futures settled at $105.28 a barrel, up $0.96, or 0.9%, while WTI gained $0.19, or 0.2%, to settle at $92.60. Prices initially jumped more than […]