Market Close: Dec 31 Down

Fueling Strategy: Please fuel as needed today/tonight, Be Safe and have a great New Year

NYMEX Crude $ 61.06 DN $.6200

NYMEX ULSD $2.0283 DN $.0123

NYMEX Gas $1.6978 DN $.0305

NEWS

West Texas Intermediate crude is pacing to end the quarter with a 14% gain, and hedge funds are taking note.
“Hedge funds have swung from extreme bearishness to extreme bullishness,” Ned Davis Research energy strategist Warren Pies said Monday. The firm remains positive on oil, but noted that the “bull case is weakening.”
RBC’s Helima Croft said that now that macro headwinds such as the US-China trade war have subsided, people can see “light at the end of the tunnel” and oil can accelerate gains going forward.

Have a Great Day,

Loren R Bailey, President

Fuel Manager Services Inc.

Office: 479-846-2761

Cell: 479-790-5581

Market Close: Jan 02 Up »

« Market Close: Dec 30 Down

Categories: Fuel News

loren: Fuel Manager Services Inc. "Serving the trucking industry since 1992" I've been in and around the trucking industry for 45-years beginning in owner operator operations at Willis Shaw Express. I bought a small trucking company that I ran for 6-years then sold and went to work for J.B. Hunt Transport in 1982. After 10-years with Hunt, I started Fuel Manager Services, Inc., we are in our 29th year of serving the American trucking companies. Our simple goal was and is to bridge the gap between the trucking companies and the fuel suppliers.