Fueling Strategy: Please fuel as needed today, tonight partial fill due to Friday prices will drop a penny then Saturday prices will drop 8 cents ~ Be Safe
Fueling Strategy: For Gasoline Users – Please fuel as needed today, Friday gasoline prices will go down $.0153 cents – Be Safe
NMEX Crude $ 78.06 DN $.4100
NYMEX ULSD $2.8154 DN $.0779
NYMEX Gas $2.4475 DN $.0153
NEWS
Crude prices eased on Thursday as oil infrastructure appeared to have escaped serious damage from the earthquake that devastated parts of Turkey and Syria, while U.S. inventories swelled and investors worried about Federal Reserve rate hikes. Brent crude settled at $84.50 a barrel, losing 59 cents, or 0.7%. U.S. West Texas Intermediate (WTI) crude futures settled at $78.06 a barrel, down 41 cents, or 0.5%. Both benchmarks have gained more than 5% so far this week. The earthquake, which has killed more than 19,000 people, initially sent oil prices higher on the prospect that the disaster would seriously damage pipelines and other infrastructure and displace crude from the global market for an extended period. “We won’t be losing that supply for as long as we thought,” said John Kilduff, partner at Again Capital in New York. BP Azerbaijan declared force majeure on Azeri crude shipments from the Turkish port of Ceyhan on Tuesday after the quake struck early on Monday. Azeri oil continues to flow there via pipeline, BP Azerbaijan said on Thursday.
Have a Great Day,
Loren R Bailey, President
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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 30-years of Service Excellence”
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