7/17/24 Fueling Strategy: Please, If possible, “PARTIAL FILL ONLY TODAY/TONIGHT” Thursday prices will DROP 4.5 Cents ~ Be Safe
NYEX Crude $ 80.76 DN $1.1500
NYMEX ULSD $2.5136 DN $0.0448
NYMEX Gas $2.4916 DN $0.0141
NEWS
WTI Crude Oil futures struggled to hold footing Monday after Chinese GDP came in at 4.7% y/y Sunday night, lower than the 5.1% forecast and the lowest since Q1 2023.
Although Industrial Production for June did beat at 5.3% versus 4.9%, it slowed from the prior month’s while Retail Sales also missed and Fixed Asset Investment hit a four-month low. The slate of poor economic data played into the “slowing China” narrative and left a difficult path for Crude Oil which has hit the lowest since June 26th this morning.
U.S. Retail Sales data came in better than expected this morning, which reinforces the idea of a strong economy domestically, and one that can support prices at the pump.
Have a Great Day!
Loren R Bailey, President
Office: 479-846-2761
Cell: 479-790-5581
SCHEDULED OUT OF OFFICE
July 19 After Lunch
Tell Us How We’re Doing On Google Business
https://g.page/r/CUyL9wDolv04EAI/review
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