Market Close: May 17 Down
May 17th, 2019 by loren
Fueling Strategy: Please keep tanks topped today/tonight, Saturday prices will go UP again 4 cents BUT we’ll see a correction of 3 cents down Sunday – Be Safe
NYMEX Crude $ 62.76 DN $.1100
NYMEX ULSD $2.0955 DN $.0277
NYMEX Gas $2.0473 DN $.0145
NEWS
- U.S. sanctions on Iran cut the OPEC member’s crude exports further in May.
- Rising tensions in the Middle East this week are raising concerns about additional supply disruption.
- Mounting tension overshadows bearish developments, such as an unexpected increase in U.S. crude inventories.
Have a Great Day,
Loren R Bailey, President
Fuel Manager Services Inc
Office: 479-846-2761
Cell: 479-790-5581