Market Close: May 22 Mixed
May 22nd, 2018 by loren
Fueling Strategy: Please keep tanks topped today/tonight, Wednesday look for prices to go up one penny – Be Safe
NYMEX Crude $ 72.13 DN $.1100
NYMEX ULSD $2.2800 UP $.0062
NYMEX Gas $2.2702 UP $.0137
NEWS
- Crude is trading at the highest since late 2014, underpinned by a supply-cutting deal among OPEC, Russia and other producers, as well as strong global demand.
- The U.S. government imposed new sanctions on Venezuela following Sunday’s re-election of President Nicolas Maduro.
- A potential drop in Iranian oil exports following Washington’s exit from the 2015 nuclear deal with Tehran and the renewal of U.S. sanctions also supported prices.
Have a Great Day,
Loren R Bailey, President
Fuel Manager Services, Inc.
“We Offer More Services to Fuel Your Business”
Office: 479-846-2761
Cell: 479-790-5581
“Perform at your best when your best is required. Your best is required each day.” ~ Coach John Wooden