Market Close: June 13 UP

Fueling Strategy: Please partial fill ONLY today, Friday prices will drop 4 cents – Be Safe Today

NYMEX Crude $ 52.28 UP $1.1400

NYMEX ULSD $1.8066 UP $0.0267

NYMEX Gas $1.7199 UP $0.0338

NEWS

Oil prices have been slammed by worries about the slowing global economy and trade conflicts, but a tanker attack in the Middle East revives geopolitical fears and puts a premium back in oil prices.
Analysts say Brent oil could trade in a range of as low as $50 to as high as $80 per barrel or more, depending on whether the market is worried about a global economic slowdown or threats to Middle East oil supply.
“I think the oil traders don’t know how to deal with Iran risk, but they do know how to conceptualize a trade war destroying demand,” says RBC strategist Helima Croft. “The summer is going to be this: What war is going to dominate the market? A trade war or a shooting war?”

Have a Great Day,

Loren R Bailey, President

Fuel Manager Services Inc

Office: 479-846-2761

Cell: 479-790-5581

Market Close: June 14 UP »

« Market Close: June 12 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.