Market Close: June 12 Down

Fueling Strategy: Please keep tanks topped today/tonight, Thursday prices will go back up 1.50 cents – Be Safe

NYMEX Crude $ 51.14 DN $2.1300

NYMEX ULSD $1.7799 DN $0.0422

NYMEX Gas $1.6861 DN $0.0702

NEWS

U.S. commercial crude inventories rose by 2.2 million barrels in the week through June 7, according to the U.S. Energy Information Administration.
Concerns that the U.S.-China trade war will dent global economic growth and fuel demand continue to weigh on the market.
Goldman Sachs says OPEC’s strategy of limiting oil supply will be “only modestly supportive” as new U.S. production comes online later this year.

Have a Great Day,

Loren R Bailey, President

Fuel Manager Services Inc

Office: 479-846-2761

Cell: 479-790-5581

Market Close: June 13 UP »

« Market Close: June 11 Up

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.