Market Close: Sep 24 UP
Sep 24th, 2018 by loren
Fueling Strategy: Please fill as needed today/tonight, Be Safe Tonight
NYMEX Crude $ 72.08 UP $1.3000
NYMEX ULSD $2.2859 UP $0.0599
NYMEX Gas $2.0547 UP $0.0376
NEWS
- Brent crude breaches $81 a barrel — its highest level since November 2014 — on the back of a tightening oil market and OPEC leaders signaling they won’t be immediately boosting output.
- Oil producers led by OPEC refused this weekend to agree to a production hike, despite President Donald Trump calling on them to take action last week.
- The market is growing concerned about undersupply as U.S. sanctions on Iran threaten to reduce supply by about 1 million barrels a day.
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
“Perform at your best when your best is required. Your best is required each day.” ~ Coach John Wooden