Market Close: March 06 Major Down Day

Fueling Strategy: Please partial fill ONLY tonight, Saturday we’ll see a 2.5 to 3.5 cent down correction in prices then Sunday look for a 10 cent drop in prices – Be Safe

NYMEX Crude $ 41.28 DN $4.6200

NYMEX ULSD $1.3852 DN $0.1033

NYMEX Gas $1.3890 DN $0.1328

NEWS

Oil prices sank to multi-year lows on Friday as OPEC’s allies rejected additional production cuts proposed by OPEC on Thursday.
U.S. West Texas Intermediate crude plunged more than 10% to settle at $41.28 per barrel. International benchmark Brent crude dropped more than 9% to hit a low of $45.18 per barrel.
The current production cuts will be in place until the end of March as planned, but it’s uncertain if they will extend beyond this month.

Have a Great Day,

Loren R Bailey, President

Fuel Manager Services Inc.

Office: 479-846-2761

Cell: 479-790-5581

Market Close: March 09 Major Down Day »

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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.