X

Market Close: April 15 MIXED, Diesel DN $.0240, Gas DN $.0123

Fueling Strategy: Please “FUEL AS NEEDED” today/tonight ~ Be Safe

NMEX Crude      $ 85.68 UP $.0250

NYMEX ULSD     $2.6611 DN $.0240

NYMEX Gas       $2.7906 DN $.0123

NEWS

May WTI crude oil on Monday closed down -0.25, and May RBOB gasoline closed down -1.23. Crude and gasoline prices on Monday posted moderate losses, with crude prices falling to a 1-1/2 week low.  Crude oil prices are lower on hopes that the Iran-Israeli conflict can be contained.  Also, Monday’s rally in the dollar index (DXY00) to a 5-1/4 month high is negative for energy prices.

Crude oil prices recovered from their worst levels Monday on concerns about the Iran-Israeli conflict after Axios reported that Israeli Defense Minister Gallant said that Israel had no choice but to retaliate against Iran for its weekend drone and missile attack against Israel.  Iran’s missile and drone strike was clearly telegraphed and did no major damage, but Iran nevertheless raised the stakes by attacking Israel directly from its own territory rather than via proxies.  There are hopes that any Israeli retaliation will be limited and will perhaps conclude the latest round of tensions that began with Israel striking an Iranian consulate in Syria and killing some top Iranian military generals.

Monday’s economic reports showed signs of strength in the global economy that supports energy demand and crude oil prices.  US Mar retail sales rose +0.7% m/m, stronger than expectations of +0.4% m/m.  Also, Eurozone Feb industrial production rose +0.8% m/m, right on expectations.  In addition, Japan Feb core machine orders rose +7.7% m/m, stronger than expectations of +0.8% m/m and the largest increase in 13 months.

Have a Great Day!

Loren R Bailey, President

Office: 479-846-2761

Cell: 479-790-5581

SCHEDULED OUT OF OFFICE  

JUN 06 VACATION LEAVE AFTER LUNCH

JUN 10 RETURN/ARRIVE 1300

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

Categories: Fuel News
loren: Fuel Manager Services Inc. "Serving the trucking industry since 1992" I've been in and around the trucking industry for 45-years beginning in owner operator operations at Willis Shaw Express. I bought a small trucking company that I ran for 6-years then sold and went to work for J.B. Hunt Transport in 1982. After 10-years with Hunt, I started Fuel Manager Services, Inc., we are in our 29th year of serving the American trucking companies. Our simple goal was and is to bridge the gap between the trucking companies and the fuel suppliers.