Market Close: May 22 Down
May 22nd, 2019 by loren
Fueling Strategy: Please fuel as needed today/tonight due to prices are down 2 cents but will go up just short of one penny at midnight – Be Safe
NYMEX Crude $ 61.42 DN $1.7100
NYMEX ULSD $2.0491 DN $0.0303
NYMEX Gas $1.9912 DN $.0281
NEWS
- U.S. crude stockpiles rise by 4.7 million barrels, compared with analysts’ expectations for a decrease of 599,000 barrels.
- The U.S.-China trade war is weighing on economic growth forecasts and with that, oil demand predictions.
- Oil markets remain tight amid supply cuts by OPEC and allies such as Russia, and as political tension escalates in the Middle East.
Have a Great Day,
Loren R Bailey, President
Fuel Manager Services Inc
Office: 479-846-2761
Cell: 479-790-5581