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

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

Fueling Strategy: For Gasoline Users  – Gasoline prices will continue up 1.50 cents today ~ Be Safe

NMEX Crude     $ 80.18 UP $.3200

NYMEX ULSD    $3.2510 DN $.0049

NYMEX Gas      $2.5451 UP $.0123

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, Saturday prices will remain flat to unchanged, Sunday prices will go UP 4 cents  ~ Be Safe

Fueling Strategy: For Gasoline Users  – Please top your tanks tonight before 23:00 CST, gasoline prices will jump up 6 cents Friday ~ Be Safe

NMEX Crude     $ 79.86 UP $1.4700

NYMEX ULSD    $3.2559 UP $0.0369

NYMEX Gas      $2.5328 UP $0.0575

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 before 23:00 CST have tanks completely full of fuel, Friday prices will jump UP 8 cents ~ Be Safe

Fueling Strategy: For Gasoline Users  – Please fuel as needed tonight, gasoline prices will go up 4 cents Friday ~ Be Safe

NMEX Crude     $ 78.39 UP $.9800

NYMEX ULSD    $3.2190 UP $.0011

NYMEX Gas      $2.4753 UP $.0408

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 before 23:00 CST have tanks completely full of fuel, Thursday prices will jump UP 10 cents ~ Be Safe

Fueling Strategy: For Gasoline Users  – Please fuel as needed tonight, gasoline prices will move UP 11 cents Thursday ~ Be Safe

NMEX Crude     $ 77.41 UP $2.290

NYMEX ULSD    $3.1902 UP $.0545

NYMEX Gas      $2.4345 UP $.1068

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: For Diesel Users – Please keep you tanks full of fuel due to Wednesday prices will jump UP 3 cents, Thursday look for prices to   ~ Be Safe

Fueling Strategy: For Gasoline Users  – Please fuel as needed tonight, gasoline prices will move UP 3.5 cents Wednesday ~ Be Safe

NMEX Crude     $ 75.12 UP $.4900

NYMEX ULSD    $3.1357 UP $.0997

NYMEX Gas      $2.3277 UP $.0348

NEWS

The US is expected to account for the lion’s share of non-OPEC oil growth next year as American drillers pump a record amount of crude.

Production is seen reaching 12.8 million barrels a day in 2024, surpassing the current annual high of 12.3 million set in 2019, according to the Energy Information Administration’s monthly Short-Term Energy Outlook. If materialized, next year’s figure would exceed 2023’s projected output of 12.4 million barrels.

The record forecast underscores the increasingly vital role the US plays in the global market, especially as sanctions have crippled exports from major producers including Russia. While capital discipline and poor demand induced US drillers to limit production growth last year, a stronger GDP in 2024 and rising oil consumption may spur more drilling. Global oil demand is expected to grow by more than 1 million barrels a day in 2023, and by another 1.7 million barrels a day in 2024, according to the EIA.

Still, the agency warned that rapidly growing production could result in a surplus that weighs on prices next year. The US and other producers outside the Organization of Petroleum Exporting Countries — and excluding Russia — are expected to add 2.4 million barrels a day of output in 2023 and an additional 1.1 million barrels in 2024, the EIA said. The US would contribute 60% of the non-OPEC growth next year.

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: For Diesel Users – Please fuel as needed tonight, Tuesday prices will NOT change but keep you tank full of fuel due to Wednesday prices will jump UP 3 cents  ~ Be Safe

Fueling Strategy: For Gasoline Users  – Please fuel as needed tonight, gasoline prices will move UP 5 cents Tuesday ~ Be Safe

NMEX Crude     $ 74.63 UP $.8600

NYMEX ULSD    $3.0360 UP $.0315

NYMEX Gas      $2.2929 UP $.0483

NEWS

Oil prices rose over 1% on Monday after China’s reopened borders boosted the outlook for fuel demand and overshadowed global recession concerns. The rally was part of a wider boost for risk sentiment supported by both the reopening of the world’s biggest crude importer and hopes for less-aggressive increases to U.S. interest rates, with equities rising and the dollar weakening. Brent crude was up $1.08, or 1.4%, at $79.65 a barrel. U.S. West Texas Intermediate crude rose 86 cents, or 1.2%, to $74.63. “The gradual reopening of the Chinese economy will provide an additional and immeasurable layer of price support,” said Tamas Varga of oil broker PVM. The rally followed a drop last week of more than 8% for both oil benchmarks, their biggest weekly declines at the start of a year since 2016.

As part of a “new phase” in the fight against COVID-19, China opened its borders over the weekend for the first time in three years. Domestically, about 2 billion trips are expected during the Lunar New Year season, nearly double last year’s and 70% of 2019 levels, Beijing says. In oil-specific developments, China issued a second batch of 2023 crude import quotas, according to sources and documents reviewed by Reuters, raising the total for this year by 20% from the same time last year. Despite Monday’s oil rebound, there is still concern that the massive flow of Chinese travellers could cause another surge in COVID infections while broader economic concerns also linger. Those concerns are reflected in oil’s market structure. Both the near-term Brent and U.S. crude contracts are trading at a discount to the next month, a structure known as contango, which typically indicates bearish sentiment.

Meanwhile, U.S. households see weaker near-term inflation and are expecting notably less spending, even as they foresee their incomes continuing to rise, the New York Federal Reserve said Monday in its December Survey of Consumer Expectations. The bank reported that respondents to its monthly survey said they see inflation a year from now at 5%, from 5.2% in November, for the lowest reading since July 2021. “The NY Fed data should be supportive for oil prices, as it suggests that inflation is peaking,” said Phil Flynn, analyst at Price Futures group.

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