Market Close: May 29 Down
May 29th, 2018 by loren
Fueling Strategy: Please fill as needed today/tonight – Prices are down 8 cents since Friday AM – Be Safe Today
NYMEX Crude $ 66.73 DN $1.1500
NYMEX ULSD $2.1859 DN $0.0239
NYMEX Gas $2.1441 DN $0.0373
NEWS
- Oil prices fell as much as 3 percent on Tuesday, continuing last week’s rout.
- The expectation that OPEC, Russia and other producers will wind down a deal to cap output at a meeting next month is weighing on the market.
- Saudi Arabia and Russia have signaled they could start to exit the deal due to U.S. sanctions on Iranian oil exports and falling Venezuelan output.
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