Market Close: Dec 15 Mixed
Dec 15th, 2022 by loren
Fueling Strategy: Please continue keeping your tanks full of fuel tonight, Friday look for prices to jump up 18.5 cents, Gas will drop 8 cents ~ Be Safe
NMEX Crude $ 76.11 DN $1.1700
NYMEX ULSD $3.2834 UP $0.0066
NYMEX Gas $2.1668 DN $0.0776
NEWS
Oil snapped a three-day rally. Commodities from oil to copper were under pressure as fears of a global economic slowdown and waning demand mounted. The dollar climbed the most since September as investors sought haven assets.
“The pullback in the market today — we aren’t surprised by it,” Nadia Lovell, UBS Global Wealth Management senior US equity strategist, told Bloomberg Television on Thursday. “This is a market that has traded on the hope that the Fed will not do what they say they will do. Yesterday they sent a clearly different message.”
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