Market Close: Dec 11 Mixed
Dec 11th, 2020 by loren
Fueling Strategy: Please keep tanks topped off today/tonight, Saturday prices will jump UP 4 cents, Sunday look for little to no change in fuel prices – Be Safe
NYMEX Crude $ 46.57 DN $.2100
NYMEX ULSD $1.4369 UP $.0012
NYMEX Gas $1.3077 DN $.0089
NEWS
Brent hit $50 per barrel on Thursday for the first time since March, edging higher on optimism surrounding vaccinations, the OPEC+ deal, plus strong demand in Asia. However, prices eased a bit on Friday as demand in Europe and the U.S. remains subdued and Covid-19 cases continue to spread. The EIA also reported a surge in crude inventories for last week, up 15.2 million barrels.
Gasoline demand hit a 20 year low over the Thanksgiving holiday, down 8.4% from the week before and the decline is showing no sign of shopping.
Have a Great Day,
Loren R Bailey, President
Fuel Manager Services Inc.
“Serving the trucking industry since 1992”
Office: 479-846-2761
Cell: 479-790-5581
“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.”