Market Close: June 04 Mixed
Jun 4th, 2019 by loren
Fueling Strategy: Please partial fill ONLY today/tonight, Wednesday prices will fall 3.5 cents – Be Safe Today
NYMEX Crude $ 53.48 UP $.2300
NYMEX ULSD $1.8215 UP $.0150
NYMEX Gas $1.7242 DN $.0171
NEWS
- Oil rallies with stocks after comments from U.S. Federal Reserve Chairman Jerome Powell drove expectations of a cut in interest rates.
- Saudi Arabia’s energy minister says a consensus is emerging among producers to continue limiting output in the second half of the year.
- The head of Russian state producer Rosneft says Russia should pump at will and he would seek compensation from the government if cuts were extended.
Have a Great Day,
Loren R Bailey, President
Fuel Manager Services Inc
Office: 479-846-2761
Cell: 479-790-5581