Market Close: April 06 Mixed
Apr 6th, 2020 by loren
Fueling Strategy: Please fuel as needed today/tonight – Please Be Safe
NYMEX Crude $ 26.08 DN $2.2600
NYMEX ULSD $1.0457 DN $0.0249
NYMEX Gas $0.7016 UP $0.0100
NEWS
- Crude oil prices could plunge below $20 a barrel in the second quarter, according to nearly a third of respondents in a CNBC survey of 30 analysts, strategists and traders.
- Some analysts believe crude oil prices could fall to as low as $10 a barrel as the coronavirus outbreak has severely dented demand.
- Analysts are also skeptical that Saudi Arabia and Russia will agree to major cuts in supply.
Please Be Safe,
Loren R Bailey, President
Fuel Manager Services Inc.
Office: 479-846-2761
Cell: 479-790-5581