Fueling Strategy: Please “KEEP HAVE YOUR TANKS TOPPED” BEFORE 23:00 CST tonight, Prices are down 3 Cents BUT prices will go right back up Thursday 7.5 Cents~Be Safe

NMEX Crude      $ 71.37 DN $.8700

NYMEX ULSD     $2.6006 DN $.0498

NYMEX Gas       $2.0673 DN $.0095

NEWS

February WTI crude oil on Wednesday closed down -0.87 (-1.20%), and Feb RBOB gasoline  closed down -0.95 (-0.46%).

Crude oil and gasoline prices Wednesday erased an early rally and closed moderately lower.  Crude prices retreated after weekly EIA crude inventories unexpectedly rose, and gasoline and distillate supplies rose more than expected, indicating weak energy demand.  Crude prices Wednesday initially jumped after Houthi rebels carried out one of their largest missile and drone attacks on commercial shipping lanes in the Red Sea, potentially disrupting global crude supplies.

Crude prices Wednesday initially moved higher after Houthi rebels launched one of their biggest attacks to date on commercial shipping lanes in the Red Sea.  The U.S. Central Command said eighteen drones, two anti-ship cruise missiles, and one anti-ship ballistic missile were shot down by allied forces late Tuesday in the Red Sea.

Geopolitical risks in the Middle East have escalated and are bullish for crude prices.  Attacks on commercial shipping in the Red Sea by Iran-backed Houthi rebels have forced shippers to divert shipments around the southern tip of Africa instead of going through the Red Sea, disrupting global crude oil supplies.  U.S. Secretary of State Blinkin on Tuesday said there would be “consequences” for the Houthis if they continued to assault ships.

Have a Great Day!

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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