Market Close: Oct 23 Up
Oct 23rd, 2019 by loren
Fueling Strategy: Please fuel as needed today/tonight, Thursday prices will go up 1/2 cent – Be Safe
NYMEX Crude $ 55.97 UP $1.4900
NYMEX ULSD $1.9643 UP $0.0206
NYMEX Gas $1.6519 UP $0.0430
NEWS
- The U.S. investment bank said Brent crude futures had been caught between “worsening growth expectations and rising Middle East tensions” in recent weeks.
- But, despite apparent apathy in energy markets, the bank anticipated improving fundamentals would lead to higher prices over the coming months.
- “The ongoing OPEC cuts and slowing shale activity will offset rising other non-OPEC supply and moderate demand growth next year,” analysts at Goldman Sachs said.
Have a Great Day,
Loren R Bailey, President
Fuel Manager Services Inc.
Office: 479-846-2761
Cell: 479-790-5581
