Fueling Strategy: Please “KEEP YOUR TANKS TOPPED TODAY/TONIGHT”,  Wednesday prices will jump UP 6 Cents ~ Be Safe Today!

NYEX Crude      $  70.99 UP $.3900

NYMEX ULSD     $2.2995 UP $.0547

NYMEX Gas       $1.9763 UP $.0181

NEWS

The FEB WTI trading session settled at 70.99 UP .39, a high of 71.56, a low of 70.12. Cash price is at 70.59 (+0.91), while open interest for CLG25 is at 340,806. CLG25 settled above its 5 day (69.55), above its 20 day (68.92), above its 50 day (69.10), above its 100 day (69.72), below its 200 day (72.77) and below its year-to-date (72.54) moving averages.

This morning Reuters announced, citing unnamed trade sources, that the Chinese Ministry of Commerce is looking to allow independent refineries to receive 152.49 million metric tons of crude import quotes for next year. Reuters estimates that this would add to a total increase of about 3.17 million barrels per day. Last week China announced they would issue 3 trillion yuan ($411 billion) in special treasury bonds in 2025. Tomorrow new factory data from China will be released. The Shanghai based CSI 300 Index closed higher by 0.45%.

In a story published by CNN this morning, GasBuddy, which has accurately predicted average national gas prices over the past few years, is forecasting prices to fall ~11 cents nationally, from $3.33 this year to $3.22 a gallon in 2025. GasBuddy’s De Haan also estimated that if Trump’s proposed 25% tariffs are put on Canada and Mexico it could raise the retail price of gas between 30 to 70 cents a gallon.

New weekly API data will be released today while EIA weekly data will be released Thursday.

Have a Great New Years!

Loren R Bailey

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

SCHEDULED OUT OF OFFICE  

DEC 31 at Noon, But On Call

JAN 01 All Day, But On Call

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As always, thank you so much for being a part of the Fuel Manager Services, Inc. family, and we look forward to making this the best year yet!

“Celebrating 32-years of Service Excellence”

www.FuelManagerServices.com

“Coming Together is the Beginning; Keeping Together is Progress; Working Together is Success”  ~ Henry Ford