Fueling Strategy: Please fill as needed tonight, Saturday AM wholesale prices will go UP 1.1 cents then Sunday wholesale prices will go UP another 2.75 cents – Be Safe Today!

NYMEX Crude      $ 82.75 UP $.0500
NY Harbor ULSD $2.4976 UP $.0273
NYMEX Gasoline $2.2327 UP $.0218

DON’T FORGET TO BUY YOUR ADDITIVE:
www.fuelmanagerservices.com then click on buy-additive

NEWS
Oil futures rose modestly Friday, extending gains to a second straight session, but the up tick only chipped away at steep weekly losses. Light, sweet crude futures for November delivery gained 5 cents, or 0.1%, to settle at $82.75 a barrel on the New York Mercantile Exchange. On the week, oil lost 3.6% for a third consecutive weekly loss. December Brent crude on London’s ICE Futures exchange rose 57 cents, or 0.7%, to finish at $86.16 a barrel. Losses on the week reached 4.9%, a fourth consecutive five-day decline. Oil prices started to stabilize after New York-traded oil briefly traded under $80 a barrel on Thursday. “After all the volatility (read: panic) across various assets this week, an optimistic risk-on rally to finish the week has swept up the crude complex with it” while energy commodities await further direction from the Organization of the Petroleum Exporting Countries, said Matt Smith, an analyst with Schneider Electric, in a note Friday.

OPEC member countries will meet next month in Vienna, and market observers will watch their decisions on production targets. Oil producers including Saudi Arabia, Kuwait and the United Arab Emirates plan to oppose any reduction in OPEC’s oil-production ceiling at the meeting, according to media reports. Oil prices have hit multiyear lows as key exporting countries have signaled no intention of cutting output, and several organizations have slashed expectations for oil demand.