Fueling Strategy: Please fuel as needed today/tonight ~ Be Safe
NMEX Crude $108.21 UP $1.2600
NYMEX ULSD $3.8908 UP $0.0360
NYMEX Gas $3.3781 DN $0.0033
NEWS
U.S. oil prices climbed on Monday to finish at their highest level of the month so far, buoyed by ongoing concerns about tight supplies with no end in sight for Russia’s war in Ukraine and a reported production outage at Libya’s largest oil field.
West Texas Intermediate crude for May delivery rose $1.26, or 1.2%, to settle at $108.21 a barrel on the New York Mercantile Exchange. That was the highest front-month finish since March 25, FactSet data show.
NYMEX ULSD rose $.036 to $3.8908 with MYMEX gas going down $.0033 to $3.3781
Natural-gas futures, meanwhile, climbed by more than 7%. “Unseasonably cold temperatures are driving elevated spring heating demand in the U.S. amid an already bullish fundamental backdrop of subdued inventory levels and no real signs of rising production in the near to medium term,” said Tyler Richey, co-editor at Sevens Report Research.
May natural gas added 52 cents, or 7.1%, to settle at $7.82 per million British thermal units — the highest finish since September 2008.
Have a Great Day,
Loren R Bailey, President
Office: 479-846-2761
Cell: 479-790-5581
Tell Us How We’re Doing On Google Business
https://g.page/r/CUyL9wDolv04EAI/review
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!
Marketing & Sales: Brian 817-480-2102
“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.”