Market Close: May 20 Mixed
May 20th, 2019 by loren
Fueling Strategy: Please fuel as needed today/tonight – Be Safe Today
NYMEX Crude $ 63.10 UP $.3400
NYMEX ULSD $2.0736 DN $.0219
NYMEX Gas $2.0099 DN $.0374
NEWS
- OPEC and its allies indicate they are likely to maintain production cuts that have helped boost oil prices this year.
- Saudi Energy Minister Khalid al-Falih says there is a consensus among OPEC and other producers to drive down crude stockpiles “gently.”
- Rising tensions in the Middle East adds to bullish sentiment in the oil market.
Have a Great Day,
Loren R Bailey, President
Fuel Manager Services Inc
Office: 479-846-2761
Cell: 479-790-5581