Market Close: Dec 18 Down
Dec 18th, 2018 by loren
Fueling Strategy: Please fuel as needed tonight but plan on Wednesday’s 2 cent drop in prices, Thursday look for prices to drop almost 8 cents – Be Safe Today
NYMEX Crude $ 46.24 DN $3.6400
NYMEX ULSD $1.7539 DN $0.0728
NYMEX Gas $1.3505 DN $0.0599
NEWS
- Oil prices sink to a more than 15-month low below $46 a barrel, extending the previous session’s selling.
- Crude output from U.S. shale fields is set to rise above 8 million barrels per day for the first time ever, while Russia is reportedly pumping at a record 11.42 million bpd this month.
- Fears of slowing global growth and weakening oil demand are also gripping the market, analysts say.
Have a Great Day,
Loren R Bailey, President
FMS Management Group LLC
Office: 479-846-2761
Cell: 479-790-5581
“We Do It Right The First Time”
“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.”