Fueling Strategy: Please “KEEP YOUR TANKS TOPPED TODAY/TONIGHT”, Friday prices will go UP4 Cents ~ Be Safe Today!
NYEX Crude $ 70.02 DN $.2700
NYMEX ULSD $2.2380 UP $.0147
NYMEX Gas $1.9885 UP $.0027
NEWS
January WTI crude oil Thursday closed down -0.27, and January RBOB gasoline closed up +0.0027 (+0.14%).
Crude oil and gasoline prices Thursday fell back from 2-1/2 week highs and settled mixed. Thursday’s rally in the dollar index to a 2-week high weighed on energy prices. Also, Thursday’s monthly report from the International Energy Agency (IEA) was bearish for crude as the IEA projects a global oil glut next year.
Crude price retreated Thursday after the IEA said global oil markets would be oversupplied by 1.4 million bpd if OPEC+ proceeds with plans to revive crude output starting in April, and even if OPEC+ cancels next year’s production hikes entirely, there will still be a supply glut of 950,000 bpd.
Have a Great Day!
Loren R Bailey, President
Office: 479-846-2761
Cell: 479-790-5581
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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 32-years of Service Excellence”
“Coming Together is the Beginning; Keeping Together is Progress; Working Together is Success” ~ Henry Ford