Market Close: March 03 UP Diesel UP 4.69 cents
Mar 3rd, 2023 by loren
Fueling Strategy: Please fuel as needed today/tonight, Saturday prices will go down slightly (less than one cent), Sunday prices will jump UP 5 cents~Be Safe
Fueling Strategy: For Gasoline Users – Please fuel have tanks topped tonight, Saturday prices will go up 5 cents – Be Safe
NMEX Crude $ 79.68 UP $1.5200
NYMEX ULSD $2.9131 UP $0.0469
NYMEX Gas $2.7504 UP $0.0501
NEWS
Global benchmark Brent rose for a second consecutive week, getting a late boost from UAE officials denying OPEC exit plans.
After wavering in the morning, crude’s rally was revived after state officials disputed a report from the Wall Street Journal of a growing rift between the UAE and Saudi Arabia. Broader risk-on sentiment also supported Friday’s advance, pushing both Brent and West Texas Intermediate to their highest intraday in more than two weeks.
“The response by the UAE to this news is telling of its conviction to prevent oil prices sliding,” said Christyan Malek, global head of energy strategy at JP Morgan.
Oil prices have struggled to break out of a $10 range this year, with traders weighing interest rate hikes by the Federal Reserve against expectations of higher crude consumption out of China. A spate of economic data released this week from the world’s largest crude importer was seen as evidence of a rebound taking hold, driving gains of more than $2 this week.
Have a Great Day,
Loren R Bailey, President
Office: 479-846-2761
Cell: 479-790-5581
Tell Us How We’re Doing On Google Business
https://g.page/r/CUyL9wDolv04EAI/review
As always, thank you so much for being a part of the Fuel Manager Services, Inc. family, and we look forward to making this the best year yet!
“Celebrating 30-years of Service Excellence”
“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams