June was a particularly volatile month for crude oil prices. However, the closing price for the month settled slightly below where the month started. The following graph displays the daily volatility:
During May, crude oil prices increased again for the third straight month and briefly spiked above the $50/barrel mark. May’s closing price of just over $49 is approximately 33% higher than where it ended 2015. Even more notable is that May’s closing price was almost double compared to mid-February’s $26 which was the lowest point of the year.
During April, crude oil prices continued increasing for the second month in a row and closed the month at approximately $46/barrel. April was an active month with a number of factors that influenced pricing. Most notable was the meeting in Doha, Qatar during mid-April where many oil producing nations gathered in an attempt to rein in supply production. No agreement
At Sokolis, when we make initial contact with a potential client, through our research or a referral, we feel that we can be of assistance to them with their fleet fuel management program, therefore reducing diesel fuel cost. By gathering further operational information from a potential client we can make a pretty good assumption, through our experience, whether or not
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