Fueling Strategy: Please “PARTIAL FILL ONLY” today/tonight, Wednesday prices will drop 4 cents ~ Please Be Safe
NMEX Crude $ 85.32 DN $.0900
NYMEX ULSD $2.6535 DN $.0007
NYMEX Gas $2.8163 UP $.0324
NEWS
May WTI crude oil on Tuesday closed down -0.09, and May RBOB gasoline closed up +3.24. Crude and gasoline prices on Tuesday settled mixed. Tuesday’s rally in the dollar index to a 5-1/2 month high weighed on energy prices. However, losses in crude were limited by Middle Eastern geopolitical risks as the markets await any response from Israel to Iran’s weekend drone and missile attack against Israel.
Crude oil prices are supported by Israel-Iran tensions. Top Israeli military officials said Monday that their country has no choice but to respond to Iran’s weekend attack. There are hopes that any Israeli retaliation will be limited and will perhaps conclude the latest round of tensions that began with Israel striking an Iranian consulate in Syria and killing some top Iranian military generals.
A bullish factor for energy demand and crude was Tuesday’s action by the International Monetary Fund to raise its 2024 global GDP forecast to 3.2% from a 3.1% forecast in January.
Have a Great Day!
Loren R Bailey, President
Office: 479-846-2761
Cell: 479-790-5581
SCHEDULED OUT OF OFFICE
JUN 06 VACATION LEAVE AFTER LUNCH
JUN 10 RETURN/ARRIVE 1300
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As always, thank you so much for being a part of the Fuel Manager Services, Inc. family, and we look forward to making this the best year yet!
“Celebrating 31-years of Service Excellence”
“Coming Together is the Beginning; Keeping Together is Progress; Working Together is Success” ~ Henry Ford