Fueling Strategy: Please “KEEP YOUR TANKS TOPPED TODAY/TONIGHT”, Make sure you’re completely full of fuel by 23:00 CST tonight! – Wednesday prices will go Up 3 Cents ~ Be Safe Today!

NYEX Crude      $  70.56 UP $1.3400

NYMEX ULSD     $2.1833 UP $0.0311

NYMEX Gas       $2.0147 DN $0.0127

NEWS

Oil prices settled nearly 2% higher on Monday, recouping some of last week’s more than 7% decline, with no letup of fighting in the Middle East and expected Israeli retaliation on Iran worrying markets about supply from the region. Brent crude futures were up $1.23, or 1.68%, at $74.29 a barrel, while U.S. West Texas Intermediate crude futures were $1.34, or 1.94% higher, at $70.56 a barrel. Brent settled more than 7% lower last week, while WTI lost around 8%. Those were the contracts’ biggest weekly declines since Sept. 2, due to slowing economic growth in China and falling risk premiums in the Middle East.

Israeli forces besieged hospitals and shelters for displaced people in the northern Gaza Strip on Monday, medics said, as they stepped up operations against Palestinian militants. Israel also carried out targeted strikes on sites belonging to Hezbollah’s financial arm in Lebanon. U.S. Secretary of State Antony Blinken will make another push for a ceasefire when he heads to the Middle East on Monday, the State Department said, seeking to kick-start negotiations to end the Gaza war and also defuse the spillover conflict in Lebanon. U.S. envoy Amos Hochstein will hold talks with Lebanese officials in Beirut on Monday on conditions for a ceasefire between Israel and Hezbollah, two sources told Reuters. “Crude futures getting a lift this morning as escalated fighting continues in Middle East… Israel is also preparing for more retaliatory attacks likely into Iran,” said Dennis Kissler, senior vice president of trading at BOK Financial.

China’s oil-demand growth is expected to remain weak in 2025 despite recent stimulus measures from Beijing as the world’s No. 2 economy electrifies its car fleet and grows at a slower pace, the head of the International Energy Agency said on Monday.

Have a Great Day!

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

SCHEDULED OUT OF OFFICE  

Nov 08th Out of Office at 13:00

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As always, thank you so much for being a part of the Fuel Manager Services, Inc. family, and we look forward to making this the best year yet!

“Celebrating 31-years of Service Excellence”

www.FuelManagerServices.com

“Coming Together is the Beginning; Keeping Together is Progress; Working Together is Success”  ~ Henry Ford