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Market Close: Sep 19 UP, Diesel UP $.0245, Gas UP $.0493

Fueling Strategy: Please “KEEP YOUR TANKS TOPPED TODAY/TONIGHT” ahead of Saturday’s price JUMP UP of 2.5 Cents ~ Be Safe Today!

NYEX Crude      $  71.95 UP $1.0400

NYMEX ULSD     $2.1720 UP $0.0245

NYMEX Gas       $2.0600 UP $0.0493

NEWS

Oct WTI crude oil Thursday closed up +1.04 (+1.47%), and Oct RBOB gasoline closed up +4.93 (+2.45%).

Crude oil and gasoline prices rallied to 2-week highs on Thursday and settled moderately higher.  Crude rose Thursday after the Fed’s aggressive 50 bp interest rate cut on Wednesday sparked risk-on sentiment in asset markets.  Crude oil prices are also moving higher in the hope that the Fed’s aggressive rate cut will spur economic growth that boosts energy demand.  In addition, Thursday’s rally in the S&P 500 to a new record high shows optimism in the economic outlook that is bullish for energy demand.

Concerns that conflict in the Middle East may widen and disrupt the region’s crude supplies is bullish for crude.  Israeli Defense Minister Gallant announced a “new phase” in the war with regional Islamist groups as Israel moved troops toward the Lebanon border, raising fears about a wider conflict that could involve Iran, a major oil producer.

Have a Great Day!

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

SCHEDULED OUT OF OFFICE  

Sep 20 – Out of Office after 15:00

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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

Categories: Fuel News
loren: Fuel Manager Services Inc. "Serving the trucking industry since 1992" I've been in and around the trucking industry for 45-years beginning in owner operator operations at Willis Shaw Express. I bought a small trucking company that I ran for 6-years then sold and went to work for J.B. Hunt Transport in 1982. After 10-years with Hunt, I started Fuel Manager Services, Inc., we are in our 29th year of serving the American trucking companies. Our simple goal was and is to bridge the gap between the trucking companies and the fuel suppliers.