Market Close: April 11 Down

Fueling Strategy: Please keep tanks topped today/tonight, Friday prices will jump UP 4.5 cents – Be Safe

NYMEX Crude $ 63.58 DN $1.0300

NYMEX ULSD $2.0672 DN $0.0204

NYMEX Gas $2.0309 DN $.0383

NEWS

* Oil markets are tightening amid the increasing effectiveness of U.S. sanctions on Iran and Venezuela, the International Energy Agency says.
* U.S. crude inventories surged by 7 million barrels last week, while gasoline stockpiles fell by a whopping 7.7 million barrels, U.S. data shows.
* OPEC production falls to a four-year low in March as Saudi Arabia slashes output and Venezuelan supplies sink.

Have a Great Day,

Loren R Bailey, President

FMS Management Group LLC

Office: 479-846-2761

Cell: 479-790-5581

Market Close: April 12 UP »

« Market Close: April 10 UP

Categories: Fuel News

loren: Fuel Manager Services Inc. "Serving the trucking industry since 1992" I've been in and around the trucking industry for 45-years beginning in owner operator operations at Willis Shaw Express. I bought a small trucking company that I ran for 6-years then sold and went to work for J.B. Hunt Transport in 1982. After 10-years with Hunt, I started Fuel Manager Services, Inc., we are in our 29th year of serving the American trucking companies. Our simple goal was and is to bridge the gap between the trucking companies and the fuel suppliers.