Market Close: Sep 28 Up
Sep 28th, 2018 by loren
Fueling Strategy: Please keep tanks topped today/tonight, Saturday prices will go UP 2.5 cents – Be Safe Today
NYMEX Crude $ 73.25 UP $1.1300
NYMEX ULSD $2.3518 UP $0.0287
NYMEX Gas $2.1012 UP $0.0188
NEWS
- U.S. sanctions on Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries, kick in on Nov. 4.
- Saudi Arabia is expected to add extra oil to the market over the next couple of months to offset the drop in Iranian production.
- However, ANZ said in a note that major suppliers were unlikely to offset losses due to the sanctions estimated at 1.5 million bpd.
Have a Great Day,
Loren R Bailey, President
Fuel Manager Services, Inc.
“We Offer More Services to Fuel Your Business”
Office: 479-846-2761
Cell: 479-790-5581
“Perform at your best when your best is required. Your best is required each day.” ~ Coach John Wooden