Market Close: May 08 Up
May 8th, 2019 by loren
Fueling Strategy:Please fuel as needed today/tonight but plan on Thursday’s 3 cent drop in prices – Be Safe
NYMEX Crude $ 62.12 UP $.7200
NYMEX ULSD $2.0562 UP $.0186
NYMEX Gas $1.9750 UP $.0263
NEWS
- U.S. crude inventories fell by 4 million barrels in the week to May 3, compared with an expected an increase of 1.2 million barrels.
- The escalating China-U.S. trade war could hit economic growth and sap demand for crude oil.
- China’s crude imports in April hit a record for the month of 10.64 million barrels per day.
Have a Great Day,
Loren R Bailey, President
Fuel Manager Services
Office: 479-846-2761
Cell: 479-790-5581