Market Close: March 06 Major Down Day
Mar 6th, 2020 by loren
Fueling Strategy: Please partial fill ONLY tonight, Saturday we’ll see a 2.5 to 3.5 cent down correction in prices then Sunday look for a 10 cent drop in prices – Be Safe
NYMEX Crude $ 41.28 DN $4.6200
NYMEX ULSD $1.3852 DN $0.1033
NYMEX Gas $1.3890 DN $0.1328
NEWS
- Oil prices sank to multi-year lows on Friday as OPEC’s allies rejected additional production cuts proposed by OPEC on Thursday.
- U.S. West Texas Intermediate crude plunged more than 10% to settle at $41.28 per barrel. International benchmark Brent crude dropped more than 9% to hit a low of $45.18 per barrel.
- The current production cuts will be in place until the end of March as planned, but it’s uncertain if they will extend beyond this month.
Have a Great Day,
Loren R Bailey, President
Fuel Manager Services Inc.
Office: 479-846-2761
Cell: 479-790-5581