Market Close: Oct 03 UP – US crude rises 1.6% to 4-year high, settling at $76.41, on Iran oil sanctions
Oct 3rd, 2018 by loren
Fueling Strategy: Please fill as needed today/tonight -Be Safe
NYMEX Crude $ 76.41 UP $1.1800
NYMEX ULSD $2.4372 UP $0.0296
NYMEX Gas $2.1378 UP $0.0109
NEWS
- Commercial crude stored in the United States rose by 8 million barrels in the week through Sept. 28, according to government data.
- Saudi Arabia’s oil minister says the kingdom has increased oil output to near a record high.
- Reuters reports Russia and Saudi Arabia struck a private deal in September to pump more.
- Crude draws support from expectations that U.S. sanctions on Iran will further cut the OPEC country’s oil exports.
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
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