Fueling Strategy: Please “KEEP YOU TANKS TOPPED TODAY/TONIGHT” prices are down 3 cents but prices will go UP 5 cents Saturday then drop 6 cents Sunday ~ Be Safe
NMEX Crude $ 76.49 DN $2.1200
NYMEX ULSD $2.6897 DN $0.0623
NYMEX Gas $2.2767 DN $0.0580
NEWS
April WTI crude oil on Friday closed down -2.12 (-2.70%), and Apr RBOB gasoline closed down -5.82 (-2.27%). Crude oil and gasoline prices on Friday retreated on concern about Chinese energy demand. Crude was also under pressure from signs that Israel will join peace talks in Paris on the Hamas war, which could reduce some geopolitical risk. A weaker dollar and a rally in the S&P 500 to a record high on Friday were positive factors for crude prices.
Crude prices fell back Friday after Reuters reported Thursday night that Israel will send negotiators to truce talks in Paris today to talk about a ceasefire in the war with Hamas and a return of Israeli hostages. RBC Capital Markets said domestic oil demand in China has been soft, and limited stimulus measures from the government have been disappointing. Also, the growth in diesel inventories since the middle of 2023 is “a worry.”
Have a Great Day!
Loren R Bailey, President
Office: 479-846-2761
Cell: 479-790-5581
SCHEDULED OUT OF OFFICE
JUN 06 VACATION LEAVE AFTER LUNCH
JUN 10 RETURN/ARRIVE 1300
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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 31-years of Service Excellence”
“Coming Together is the Beginning; Keeping Together is Progress; Working Together is Success” ~ Henry Ford