Market Close: May 07 Up
May 7th, 2021 by loren
Fueling Strategy: Please partial fill ONLY today, Saturday prices will drop 1.5 cents then Sunday prices will continue UP 2 cents – Be Safe
NYMEX Crude $ 64.90 UP $.1900
NYMEX ULSD $2.0106 UP $.0211
NYMEX Gas $2.1269 UP $.0132
NEWS
There was a slight pullback in oil prices following Wednesday’s highs, but the rally is still very much on and bullish sentiment is palpable as summer driving season nears.
Brent tested $70 per barrel on Wednesday but fell back on Thursday. Oil “had a great run, but it got a little bit ahead of itself,” Phil Streible, chief market strategist at Blue Line Futures LLC in Chicago, told Bloomberg. “We’ve hit resistance and prices pulled back,” but it’s hard to see a summer demand boost “being derailed,” he said. Oil is still set to close out the week with another gain.
Have a Great Day,
Loren R Bailey, President
Fuel Manager Services Inc.
“Serving the trucking industry since 1992”
Office: 479-846-2761
Cell: 479-790-5581
“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.”