Market Close: Feb 03 Down

Fueling Strategy: Please fuel as needed today/tonight, Be Safe

NYMEX Crude $ 50.11 DN $1.4500

NYMEX ULSD $1.5779 DN $0.0505

NYMEX Gas $1.4737 DN $0.0304

NEWS – Key Points

Oil fell to its lowest level in more than a year as the coronavirus outbreak and its potential impact on demand hammered crude prices.
At the session low, West Texas Intermediate dropped to $49.92 a barrel.
“Crude will remain very reactionary to any headlines that indicate the virus will have a sustained impact on global demand,” said Rebecca Babin, senior energy trader at CIBC Private Wealth Management.

Have a Great Day,

Loren R Bailey, President

Fuel Manager Services Inc.

Office: 479-846-2761

Cell: 479-790-5581

Market Close: Feb 04 Mixed »

« Market Close: Jan 31 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.