Market Close: June 12 Down
Jun 12th, 2019 by loren
Fueling Strategy: Please keep tanks topped today/tonight, Thursday prices will go back up 1.50 cents – Be Safe
NYMEX Crude $ 51.14 DN $2.1300
NYMEX ULSD $1.7799 DN $0.0422
NYMEX Gas $1.6861 DN $0.0702
NEWS
- U.S. commercial crude inventories rose by 2.2 million barrels in the week through June 7, according to the U.S. Energy Information Administration.
- Concerns that the U.S.-China trade war will dent global economic growth and fuel demand continue to weigh on the market.
- Goldman Sachs says OPEC’s strategy of limiting oil supply will be “only modestly supportive” as new U.S. production comes online later this year.
Have a Great Day,
Loren R Bailey, President
Fuel Manager Services Inc
Office: 479-846-2761
Cell: 479-790-5581