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Fueling Strategy: Please “KEEP YOUR TANKS TOPPED TODAY/TONIGHT, Thursday prices will go UP 1.5 Cents ~ Be Safe Today

NYEX Crude      $  82.81 DN $.5700

NYMEX ULSD     $2.6297 UP $.0150

NYMEX Gas       $2.5734 DN $.0049

Have a Great Day!

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

SCHEDULED OUT OF OFFICE  

Tell Us How We’re Doing On Google Business

https://g.page/r/CUyL9wDolv04EAI/review

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

Fueling Strategy: Please “KEEP YOUR TANKS TOPPED TODAY/TONIGHT, Wednesday prices will go UP 8 Cents ~ Be Safe Today

NYEX Crude      $  84.13 UP $.7500

NYMEX ULSD     $2.6147 UP $.0816

NYMEX Gas       $2.5783 UP $.0768

NEWS

Crude oil and gasoline prices Monday rallied, with crude climbing to a 2-month high.  The outlook for declining US crude output is propping up oil prices after last Friday’s weekly report from Baker Hughes showed that active US oil rigs fell to a 2-1/2 year low.  Also, heightened tensions in the Middle East are giving crude prices a boost, with Israel close to a full-blown war with Hezbollah in Lebanon and with Houthi rebels in Yemen stepping up their attacks on commercial shipping in the region.

Monday’s global economic news was mostly positive for energy demand and crude prices.  On the positive side, the China Jun non-manufacturing PMI fell -0.6 to 50.5, weaker than expectations of 51.0 and the slowest pace of expansion in 6 months.  Also, the Eurozone Jun S&P manufacturing PMI was revised upward by 0.2 to 45.8 from the previously reported 45.6.  In addition, the Japan Q2 Tankan large manufacturing business conditions rose +2 to 13, stronger than expectations of no change at 11.  On the negative side, the Jun ISM manufacturing index unexpectedly fell 0.2 to a 4-month low of 48.5, weaker than expectations of an increase to 49.1.

Crude oil prices have underlying support from concern about the escalation of the Hamas-Israel conflict.  Israel’s military continues to conduct operations in Gaza, and there is also concern that the war might spread to Hezbollah in Lebanon or even to a direct conflict with Iran as hostilities escalate between Israel and Hezbollah.  Meanwhile, ongoing attacks on commercial shipping in the Red Sea by Iran-backed Houthi rebels have forced shippers to divert shipments around the southern tip of Africa instead of going through the Red Sea, disrupting global crude oil supplies.

A decline in crude oil in floating storage is bullish for prices.  Monday’s weekly data from Vortexa showed that the amount of crude oil held worldwide on tankers that have been stationary for at least a week fell -24% w/w to 73.29 million bbl as of June 28.

OPEC+ rolled out a plan to restore some crude production in Q4, which sparked worries about a glut in global oil supplies.  OPEC+, on June 2, extended the 2 million bpd of voluntary crude production cuts into Q3 but said they would gradually phase out the cuts over the following 12 months, beginning in October.  OPEC pledged to extend its crude production cap at about 39 million bpd to the end of 2025.  Also, the UAE was given a 300,000 bpd boost to its production target for 2025.

A decrease in OPEC crude output is positive for oil prices.  OPEC June crude production fell -80,000 bpd to 26.98 million bpd.

Have a Great Day!

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

SCHEDULED OUT OF OFFICE  

Tell Us How We’re Doing On Google Business

https://g.page/r/CUyL9wDolv04EAI/review

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

Fueling Strategy: Please “PARTIAL FILL ONLY TODAY/TONIGHT, Sunday prices will go DOWN 3 Cent ~ Be Safe Today

NYEX Crude      $  81.54 DN $.2000

NYMEX ULSD     $2.5169 DN $.0307

NYMEX Gas       $2.5291 DN $.0165

Have a Great Day!

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

SCHEDULED OUT OF OFFICE  

Tell Us How We’re Doing On Google Business

https://g.page/r/CUyL9wDolv04EAI/review

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

Fueling Strategy: Please “KEEP YOUR TANKS TOPPED TODAY/TONIGHT, Friday prices will go UP 3 Cent ~ Be Safe Today

NYEX Crude      $  80.90 UP $.0700

NYMEX ULSD     $2.5375 UP $.0280

NYMEX Gas       $2.5446 UP $.0299

Have a Great Day!

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

SCHEDULED OUT OF OFFICE  

Tell Us How We’re Doing On Google Business

https://g.page/r/CUyL9wDolv04EAI/review

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

Fueling Strategy: Please “PARTIAL FILL ONLY TODAY/TONIGHT” Thursday prices will DROP 1.5 Cent ~ Be Safe

NYEX Crude      $  80.83 DN $.8000

NYMEX ULSD     $2.5110 DN $.0120

NYMEX Gas       $2.5147 UP $.0032

Have a Great Day!

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

SCHEDULED OUT OF OFFICE  

Tell Us How We’re Doing On Google Business

https://g.page/r/CUyL9wDolv04EAI/review

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

Fueling Strategy: Please “KEEP YOUR TANKS TOPPED TODAY/TONIGHT, Wednesday prices will go UP 3 Cents ~ Be Safe Today

NYEX Crude      $  81.63 UP $.9000

NYMEX ULSD     $2.5214 UP $.0299

NYMEX Gas       $2.5115 DN $.0022

Have a Great Day!

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

SCHEDULED OUT OF OFFICE  

Tell Us How We’re Doing On Google Business

https://g.page/r/CUyL9wDolv04EAI/review

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

Fueling Strategy: Please “PARTIAL FILL TODAY/TONIGHT, Sunday prices will do DOWN 3.5 cents ~ Be Safe Today

NYEX Crude      $  80.73 DN $.5600

NYMEX ULSD     $2.4915 DN $.0330

NYMEX Gas       $2.5137 UP $.0129

Have a Great Day!

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

SCHEDULED OUT OF OFFICE  

Tell Us How We’re Doing On Google Business

https://g.page/r/CUyL9wDolv04EAI/review

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

Fueling Strategy: Please “FUEL AS NEEDED TODAY/TONIGHT, Saturday there will be little to no change ~ Be Safe Today

NYEX Crude      $  82.17 UP $.6000

NYMEX ULSD     $2.5245 UP $.0037

NYMEX Gas       $2.5008 UP $.0176

Have a Great Day!

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

SCHEDULED OUT OF OFFICE  

Tell Us How We’re Doing On Google Business

https://g.page/r/CUyL9wDolv04EAI/review

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

To all Bennett Drivers:

Please start using the BENNETTIG app to shop for your fuel discount prices. My office updates this app 3 to 4 times daily using the same file you receive via email from [email protected]

Questions? Feel free to call me night or day, Loren

Have a Great Day!

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

SCHEDULED OUT OF OFFICE  

Tell Us How We’re Doing On Google Business

https://g.page/r/CUyL9wDolv04EAI/review

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

Fueling Strategy: Please “KEEP YOUR TANKS TOPPED TODAY/TONIGHT, Thursday prices will go UP 4 Cents ~ Be Safe Today

NYEX Crude      $  81.57 UP $1.2400

NYMEX ULSD     $2.5208 UP $0.0383

NYMEX Gas       $2.4832 UP $0.0363

NEWS

July WTI crude oil on Tuesday closed up +1.24, and July RBOB gasoline closed up +3.63. Crude oil and gasoline prices Tuesday finished moderately higher, with crude posting a 7-week high and gasoline posting a 3-week high.  A weaker dollar Tuesday was supportive of energy prices.  Crude also has support on expectations that global oil supplies will remain tight in the medium term after Saudi Arabia said last week that it could reverse OPEC+ production changes to support crude prices and after Russia vowed to cut back its crude production.

Tuesday’s global economic news was mixed for energy demand and oil prices.  On the positive side, US May manufacturing production rose +0.9% m/m, stronger than expectations of +0.3% m/m.  Also, the German Jun ZEW survey expectations of economic growth rose +0.4 to a 2-1/3 year high of 47.5.  Conversely, US May retail sales rose +0.1% m/m, weaker than expectations of +0.3% m/m. A decline in crude oil in floating storage is bullish for prices.  Monday’s weekly data from Vortexa showed that the amount of crude oil held worldwide on tankers that have been stationary for at least a week fell -12% w/w to 78.66 million bbl as of June 14.

Crude has carryover support from last Thursday when after Russia’s Energy Ministry pledged to cut daily crude production this month by 971,000 bpd from the baseline of 9.949 million bbl.  In April and May, Russia over-produced relative to its OPEC+ target, but it said it plans to comply strictly with its quota beginning this month.  

Have a Great Day!

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

SCHEDULED OUT OF OFFICE  

Tell Us How We’re Doing On Google Business

https://g.page/r/CUyL9wDolv04EAI/review

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

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