Fueling Strategy: Please partial fill ONLY tonight due to Wednesday prices will drop 15 cents ~ Be Safe Today

Fueling Strategy: For Gasoline Users  – Please keep tanks full of fuel tonight, Wednesday gasoline prices will go UP 5 cents ~ Be Safe

NMEX Crude     $ 78.78 UP $.9700

NYMEX ULSD    $3.1823 UP $.0715

NYMEX Gas      $2.5435 UP $.0446

NEWS

Front-month oil futures ended higher on Tuesday, but U.S. prices posted a third-straight monthly decline, ahead of this week’s Federal Reserve decision on interest rates and amid signs that Russian crude exports remain resilient.

Prices for the U.S. and global crude benchmarks marked their biggest monthly declines since November 2022, while natural gas marked its biggest monthly drop since January 2001, according to Dow Jones Market Data.

Price action

• West Texas Intermediate crude for March delivery rose 97 cents, or nearly 1.3%, to settle at $78.87 a barrel on the New York Mercantile Exchange, for a monthly decline of 1.7%.
• March Brent the global benchmark, fell 41 cents, or 0.5%, to $84.49 a barrel on ICE Futures Europe, for a nearly 1.7% January fall. The March contract expired at the end of the session. However, April Brent the most actively traded contract, climbed by 96 cents, or 1.1%, to $85.46 a barrel.
• February gasoline added nearly 1.8% to $2.5435 a gallon, for a monthly rise of 3.4%. February heating oil 2.3% at $3.1823 a gallon — down nearly 5.4% for the month. Both contracts expired at the end of the session.
• March natural gas added 0.3% to $2.684 per million British thermal units. Front-month prices marked a 40% January plunge, which was the largest monthly loss since January 2001, according to Dow Jones Market Data.

Market drivers

Oil prices saw a choppy January, tumbling out of the gate but soon finding footing on optimism over China’s demand prospects as the country dropped its COVID-19 curbs. Investors have also weighed the global economic outlook as the Federal Reserve and other major central banks continue to tighten monetary policy, though the Fed is seen slowing the pace of interest rate rises when it delivers what’s expected to be a 25 basis point rate increase on Wednesday.

“Headwind is being generated by generally negative market sentiment ahead of this week’s numerous central bank meetings and by the persistently high Russian oil exports,” said Carsten Fritsch, commodity analyst at Commerzbank, in a note.

Reuters last week reported that January oil loadings from Russia’s Baltic ports were set to rise 50% from December, while data pointed to further strength in exports heading into February.

“Admittedly, the shipments also include Kazakh oil, which is exempted from the Western sanctions (import ban, price cap) and is therefore an obvious choice for Western buyers seeking a substitute for the shunned Russian supplies. All the same, a sizeable proportion is likely to have been Russian Urals oil,” Fritsch said.

A European Union embargo on oil products that will come into force on Feb. 5 could be one reason for the surge, as it will cause Russia to lose its most important market for diesel, he said, providing an incentive to export more crude oil to countries such as India that have not signed up to the embargo or price cap.

“It’s been a mix of both supply and demand,” Peter McNally, global sector lead for industrials metals and energy at Third Bridge told MarketWatch.

The U.S. natural-gas rig count has far outpaced the growth in oil rigs, he said, and production volumes have picked up as “some of the bottlenecks eased.”

On the demand side, liquified natural-gas export volumes were “maxed out and weather demand eased with warmer than forecast temperatures,” said McNall

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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 30-years of Service Excellence”

www.FuelManagerServices.com

 “To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams

Fueling Strategy: Please fuel as needed today/tonight ~ Be Safe Today

Fueling Strategy: For Gasoline Users  – Please don’t fuel tonight, Tuesday gasoline prices will drop 9 cents ~ Be Safe

NMEX Crude     $ 77.90 DN $1.7800

NYMEX ULSD    $3.1108 DN $0.1547

NYMEX Gas      $2.4989 DN $0.0897

NEWS

Oil fell to its lowest in almost three weeks, with technical indicators driving the market’s direction amid a lack of clarity on crude demand.

While China’s reopening spurred a rally in crude in recent weeks, the market has struggled to hold those levels as prices test their 50-day and 100-day moving averages. That’s prompting commodity trading advisors to sell, dealers said. At the same time, oil traders bullish on Chinese demand are still waiting for the rebound in consumption to ripple from industrial metals to crude.

Oil has been bumpy in recent months — with prices supported by demand from China, the White House’s goal of refilling the Strategic Petroleum Reserve and the European Union’s impending ban on seaborne imports of Russian oil products. Still, the potential for contractions in western economies has kept prices from advancing too far. 

Price momentum across energy markets declined through last week, and the short-term trading signal on Brent traded on the Intercontinental Exchange switched to a sell, JPMorgan Chase & Co. analysts including Tracey Allen said in a note.

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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 30-years of Service Excellence”

www.FuelManagerServices.com

“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams

Fueling Strategy: Please fuel as needed today/tonight as prices are down another 6.5 cents but Saturday prices will go back UP 3.5 cents so make sure tanks are full of fuel tonight before 23:00 CST, Sunday prices will drop 13.1 cents ~ Be Safe

Fueling Strategy: For Gasoline Users  – Please don’t fuel tonight Saturday gasoline prices will drop 2.5 cents ~ Be Safe

NMEX Crude     $ 79.68 DN $1.3300

NYMEX ULSD    $3.2655 DN $0.1310

NYMEX Gas      $2.5886 DN $0.0235

NEWS

Bulls approached and quickly withdrew from oil’s 100-day moving average, driving crude to its first weekly loss since the start of the year.

West Texas Intermediate shed 2% this week with much of that retreat occurring on Friday. Throughout the week, oil rallied on optimism driven by China’s gathering rebound only to swing as risk-off sentiment descended upon broader markets amid uneven corporate earnings and lingering questions over how the Federal Reserve will react.

Despite oil encountering resistance after running headlong into the 100-day moving average at $81.99, investors are still betting on growth. Money managers increased their bullish positions on Brent, the global benchmark, to the highest in 11 months. Brent’s spread flipped into a premium this week, signaling expectations that demand will outstrip supply in the short term.

Crude has recovered from a massive drop at the start of the year, with much of the optimism coming from China, the biggest importer. Investors are monitoring the impact of European Union sanctions on Russia’s seaborne shipments of petroleum products early next month, which some warn could be more disruptive than past restrictions. Analysts at JP Morgan Chase & Co said in a note Friday that the profit margin for turning oil into products like diesel is soaring and supportive of further crude demand.

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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 30-years of Service Excellence”

www.FuelManagerServices.com

“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams

Fueling Strategy: Please partial fill only today/tonight even though prices are down 12 cents, Friday prices will fall another 6.5 cents ~ Be Safe

Fueling Strategy: For Gasoline Users  – Please have tanks full of fuel tonight, Friday gasoline prices will go up 2 cents ~ Be Safe

NMEX Crude     $ 81.01 UP $.8600

NYMEX ULSD    $3.3965 UP $.0352

NYMEX Gas      $2.6121 UP $.0187

NEWS

Oil gained as energy traders grew more confident about the commodity’s immediate outlook.

Global benchmark Brent flipped from contango into a backwardated structure with the March contract surpassing April’s. The flip to oil being more expensive in the near-term signals that traders see demand outpacing supply. The spread was in contango for most of January.

US benchmark West Texas Intermediate fluctuated in a range of just over $2 in tandem with broader market swings as investors sifted through a batch of freshly released US economy figures. The US economy expanded by more than forecast in the fourth quarter but at a slower clip than the previous three months, suggesting the Federal Reserve’s attempts to restrain growth without choking it off was working. 

Oil has recovered from a steep drop at the start of the year, led by demand from China — the world’s largest crude importer. Traders are starting to see a pick up in energy demand, with Chinese tourism likely having a major impact on consumption. 

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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 30-years of Service Excellence”

www.FuelManagerServices.com

 “To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams

Fueling Strategy: Please partial fill ONLY or better yet “don’t fuel tonight”, Thursday prices will drop over 12 cents then Friday look for another drop of 7 cents ~ Be Safe
Fueling Strategy: For Gasoline Users  – Please don’t fuel tonight Thursday gasoline prices will drop 5 cents ~ Be Safe

NMEX Crude     $ 80.15 UP $.0200

NYMEX ULSD    $3.3613 DN $.0659

NYMEX Gas      $2.5934 DN $.0553

NEWS

Oil edged higher in a volatile session as technical market indicators signaled to traders that higher prices may be around the corner.

West Texas Intermediate managed to hold above $80 a barrel on Wednesday after swinging through much of the session. Rising US crude inventories and so far lackluster corporate earnings kept gains in check while faith in China’s rebound prodded an overall advance.

At least one technical gauge seemed to vindicate the bulls. WTI’s 25-day moving average is close to crossing over its 50-day moving average, which markets interpret as evidence of longer-term strengthening that often spurs additional buying. 

Oil is largely unchanged for the month after a weak start to the year. The outlook for China and a weaker dollar — which makes commodities priced in the currency more attractive — have helped oil claw back some ground. Traders will be closely watching for signs of increasing Chinese demand once the lunar New Year festivities have concluded.

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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 30-years of Service Excellence”

www.FuelManagerServices.com

“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams

Fueling Strategy: Please tonight before 23:00 CST have your tanks completely full of fuel, Wednesday prices will jump UP 9 cents BUT Thursday prices will drop over 12 cents ~ Be Safe

Fueling Strategy: For Gasoline Users  – Please don’t fuel tonight Wednesday gasoline prices will drop 5 cents ~ Be Safe

NMEX Crude     $ 80.13 DN $1.4900

NYMEX ULSD    $3.4272 DN $0.1237

NYMEX Gas      $2.6487 DN $0.0478

NEWS

Oil erased gains from the past two sessions as earnings from multiple US companies disappointed, potentially signaling a dour short-term outlook for energy traders.

West Texas Intermediate settled at $80.13 a barrel, shedding almost 2%, the biggest drop since the first week of January. Oil succumbed to broader market pressure after disappointing results from a handful of economic-activity bellwethers, such as Union Pacific Corp and 3M Co., led investors to shun risk.

These results have tempered optimism for the economy in the near-term, said Ed Moya, senior market analyst at OANDA. “That has oil prices giving up some of its recent gains.”

Traders will continue to monitor other earnings for any clues that could identify the economic outlook for China. Coming up, many will be sifting through the results of multinationals like Tesla Inc. , as well as oil giants Chevron Corporation and Exxon Mobil Corporation for a sense of where they see the demand in the world’s largest crude importer, said Moya. 

Oil advanced over the past two weeks on China’s swift pivot away from Covid restrictions, which may spur daily consumption to hit a record in 2023. Still, OPEC and its allies are staying conservative with production, as the group is expected to leave levels unchanged when they meet next week.

Have a Great Day,

 Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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 30-years of Service Excellence”

www.FuelManagerServices.com

“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams

Fueling Strategy: Please fuel as needed today/tonight ~Be Safe

Fueling Strategy: For Gasoline Users  – Please have all tanks full of fuel tonight, Tuesday gasoline prices will jump UP another 5 cents ~ Be Safe

NMEX Crude     $ 81.02 DN $.0200

NYMEX ULSD    $3.5509 UP $.0841

NYMEX Gas      $2.6965 UP $.0511

NEWS

Oil prices fell slightly Monday as rising stockpiles in the US outweighed optimism that Lunar New Year festivities in China boosted demand.

West Texas Intermediate dipped 2 cents to $81.62 a barrel on Monday, marking only the second time oil prices have dropped in the last 12 trading sessions.

WTI’s prompt spread sold off after a build in inventories at Cushing, Oklahoma. Stockpiles at the delivery point for benchmark US crude futures rose by about 1.6 million barrels from Jan. 13-17, according to traders, who cited data from Wood Mackenzie.

Oil has shaken off a weak start to 2023 as the end of China’s Covid-Zero policies have spurred the world’s largest oil importer to boost its import quotas and prompted analysts to raise their projections for demand. Expectations that the Federal Reserve is close to ending its series of aggressive rate hikes also have buoyed prices.

Several measures of technical strength have bolstered crude markets as well. Brent futures crossed above their 100-day moving average for the first time since November, which could spur more buyers to enter the market. Meanwhile, net bullish bets on Brent futures surged to a two-month high last week.

Russia’s seaborne crude exports dropped last week, contributing to the smallest inflow into the country’s coffers since Moscow sent its forces into Ukraine. Moscow is set to publish a decree detailing a ban on Russian firms selling oil to clients adhering to a price cap, Kommersant said. 

Further restrictions on Russian energy flows are due to kick in early next month as the war in Ukraine grinds on. US Treasury Secretary Janet Yellen expressed confidence at the weekend that curbs on Russian crude sales can be expanded to refined products.

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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 30-years of Service Excellence”

www.FuelManagerServices.com

“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams

Fueling Strategy: Please keep your tanks full of fuel today/tonight, Saturday prices will jump UP 12 cents then Sunday look for prices to jump UP another 9 to 10 cents ~be Safe

Fueling Strategy: For Gasoline Users  – Please have all tanks full of fuel tonight, Saturday gasoline prices will jump UP another 5 cents ~ Be Safe

NMEX Crude     $ 81.31 UP $.9800

NYMEX ULSD    $3.4668 UP $.0909

NYMEX Gas      $2.6454 UP $.0486

NEWS

Oil rallied to the highest since mid-November, capping off its second straight week of gains on optimism over increased demand from China.

West Texas Intermediate rose to settle above $81 a barrel, posting a 1.8% weekly gain. Bolstering crude this week were forecasts for record consumption in China, a buying spree from the country’s largest oil trader and increased crude imports ahead of the Lunar New Year.

The end of China’s Covid-Zero policies has outweighed the concerns about a potential global economic slowdown that sent crude prices down 10% in the opening week of the year. Yet those recession fears haven’t completely abated. The prospects for further interest-rate hikes from the Federal Reserve caused some traders to shy away from risky assets such as equities and crude, restraining this week’s rally. 

In coming weeks, markets will closely eye the effects of the EU’s sanctions on Russian refined products, implemented Feb. 5. The ban follows a similar price cap on crude shipments introduced last year. Meanwhile, European countries have pushed to lower the crude price cap on Moscow even further, but the Biden administration said it was inclined to opposed the move. 

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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 30-years of Service Excellence”

www.FuelManagerServices.com

“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams

Fueling Strategy: Please keep your tanks topped tonight, Friday prices will go UP $0.0120, Saturday look for prices to jump UP 12 cents  ~ Be Safe

Fueling Strategy: For Gasoline Users  – Please have all tanks fill of fuel today, Friday gasoline prices will jump UP 8 cents ~ Be Safe

NMEX Crude     $ 80.33 UP $.8500

NYMEX ULSD    $3.3759 UP $.1129

NYMEX Gas      $2.5968 UP $.0733

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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 30-years of Service Excellence”

www.FuelManagerServices.com

“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams

Fueling Strategy: Please fuel as needed today/tonight, Thursday prices remain flat to up slightly   ~ Be Safe

Fueling Strategy: For Gasoline Users  – Please fuel as needed tonight, Thursday gasoline prices will go down 2.00 cents ~ Be Safe

NMEX Crude     $ 79.48 DN $.3200

NYMEX ULSD    $3.2630 UP $.0120

NYMEX Gas      $2.5235 DN $.0216

Have a Great Day,

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

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 30-years of Service Excellence”

www.FuelManagerServices.com

“To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.” ~ Douglas Adams