Market Close: Dec 07 UP
Dec 7th, 2018 by loren
Fueling Strategy: Please fuel as needed but plan on Saturday’s 3 cent drop in prices – Be Safe Today
NYMEX Crude $ 52.61 UP $1.1200
NYMEX ULSD $1.8862 UP $0.0280
NYMEX Gas $1.4858 UP $0.0524
NEWS
- Oil prices jump after OPEC and its allies reach an agreement to slash production for the first six months of 2019.
- OPEC producers agreed to cut output by 800,000 barrels per day, while allied nations including Russia will reduce production by 400,000 bpd.
- The combined cut of 1.2 million bpd is in line with expectations and will take effect in January.
Have a Great Day,
Loren R Bailey, President
FMS Management Group LLC
Office: 479-846-2761
Cell: 479-790-5581
“We Do It Right The First Time”
“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.”