Market Close: March 04 Mixed
Mar 4th, 2020 by loren
Fueling Strategy: Please fuel as needed tonight, Thursday prices will go up slightly 1/2 cent – Be Safe
NYMEX Crude $ 46.78 DN $.4000
NYMEX ULSD $1.5332 UP $.0002
NYMEX Gas $1.5555 UP $.0242
NEWS
- Some of the world’s most powerful oil-producing nations are expected to agree on a deeper round of production cuts this week, although the extent of the reduction is unknown.
- Analysts said that while Saudi Arabia might have appetite for higher oil prices, Moscow is “perfectly happy” with crude futures between $50 and $60.
- OPEC and non-OPEC producers — sometimes referred to as OPEC+ — will meet in Vienna, Austria on March 5-6.
Have a Great Day,
Loren R Bailey, President
Fuel Manager Services Inc.
Office: 479-846-2761
Cell: 479-790-5581