RCC Energy Market Update 06/13/18

RCC energy update Monday 06/13/2018

MARKET MOVES

NYMEX @ the close.

  • July WTI Crude up $0.28 @ $66.52
  • RBOB up 3.5 cents.
  • HO up 2.3 cents.

Group 3:

  • Gasoline up 3.5 cents today.
  • Diesel up 2.75 cents today.

Propane:

  • LP finished down a little less than 1 cent at the Conway, Kansas hub today.

MARKET NEWS

The DOE report had some bullish numbers today, with draws on all 3 products and US refineries at 95.7% of capacity which is up over the last few weeks.

The bullish news comes after multiple days of reports of the Saudis and Russians raising their crude production. We will have to see who wins out.