Market Close: Aug 07 Down
Aug 7th, 2020 by loren
Fueling Strategy: Please partial fill ONLY today/tonight, Saturday prices will drop 1.5 cents then another 3 cents Sunday- Be Safe
NYMEX Crude $ 41.22 DN $.7300
NYMEX ULSD $1.2199 DN $.0300
NYMEX Gas $1.2076 DN $.0205
NEWS
Oil spiked on a larger than expected inventory draw this week, but fears of a second wave of COVID have caused crude prices to retreat
Oil prices rallied to multi-month highs mid-week on stronger EIA data. But the market narrative remains the same – tightening fundamentals set against a weak macro backdrop has kept oil prices stuck in a narrow trading range. On Friday, prices fell back, erasing some gains
Have a Great Day,
Loren R Bailey, President
Fuel Manager Services Inc.
Office: 479-846-2761
Cell: 479-790-5581
“Serving the trucking industry since 1992”
“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.”