Fueling Strategy: Please, please re-top ALL tanks tonight before 23:00 CST, Saturday AM wholesale prices will jump UP 7 cents then Sunday AM look for prices to go UP another 2.5 cents – Be Safe This Weekend!
NYMEX Crude $ 44.49 UP $1.0000
NY Harbor ULSD $1.4086 UP $0.0237
NYMEX Gasoline $1.3691 UP $0.0092
NEWS
Oil futures ended sharply higher Friday, with West Texas Intermediate crude prices closing at a three-week high, and posting their largest weekly gain in about four months as traders held out hope for price-stabilization measures by major crude-oil producers.
Comments by Saudi Arabia’s Energy Minister Kahlid al-Falih on Thursday showing the big oil producer’s willingness to help balance the market boosted WTI and Brent crude prices by more than 4% Thursday to their highest levels since the second half of July. Despite the ramp-up in production by OPEC, global output growth is seen lagging behind demand, thanks to the dwindling output from non-OPEC players and robust demand, the International Energy Agency said Thursday.
It forecasts non-OPEC production to fall by 900,000 barrels this year, before rebounding by 300,000 barrels a day in 2017. The Paris-based agency, however, gave a grimmer outlook on demand, estimating global oil-demand growth to slow to 1.2 million barrels a day in 2017 from 1.4 million barrels forecast for this year.