Market Close: Aug 22 UP
Aug 22nd, 2018 by loren
Fueling Strategy: Please fill as needed today/tonight, Thursday look for a penny bump in prices – Drive Safe
NYMEX Crude $ 67.86 UP $2.0200
NYMEX ULSD $2.1683 UP $0.0447
NYMEX Gas $2.0680 UP $0.0501
NEWS
- The Energy Information Administration reports U.S. crude stocks fell last week by 5.8 million barrels, nearly four times the drop analysts expected.
- Oil also finds support from a weaker dollar, which makes oil less expensive for buyers using other currencies.
- The prospect of a drop in oil exports from Iran, the third-largest OPEC producer, in response to new U.S. sanctions is also supporting the market.
Have a Great Day,
Loren R Bailey, President
Fuel Manager Services, Inc.
“We Offer More Services to Fuel Your Business”
Office: 479-846-2761
Cell: 479-790-5581
“Perform at your best when your best is required. Your best is required each day.” ~ Coach John Wooden