Market Close: Feb 12 Mixed
Feb 12th, 2018 by loren
Fueling Strategy: Wholesale prices are down 7 cents please fill as needed tonight – Be Safe
NYMEX Crude $ 59.29 UP $.09000
NYMEX ULSD $1.8389 DN $.0162
NYMEX Gas $1.6785 DN $.0217
NEWS
- The oil market firmed up after a week of heavy losses, with U.S. crude holding above $59 per barrel even as American output soars.
- OPEC forecast world oil demand would grow faster than expected in 2018, but higher prices will encourage the United States and other non-member producers to pump more.
- The drivers for higher oil prices are “unlikely sustainable,” Goldman Sachs said in a research note.
Have a Great Day,
Loren R Bailey, President
Fuel Manager Services, Inc.
“We Offer More Services to Fuel Your Business”
Office: 479-846-2761
Cell: 479-790-5581