RCC Energy Market Update:

RCC ENERGY UPDATE: Wednesday 2/28/2018 5:00 PM

NYMEX:

  • Diesel down 4.94 cents
  • Gasoline down 4.57 cents
  • Crude down $1.37 @ $62.25/bbl

GROUP 3:

  • Diesel down 6.40 cents
  • Gasoline down 5.60 cents

CONWAY:

  • Propane down 2.75 cents

WEEKLY DOE REPORT:

Crude –

  • +2.0MB expected
  • +3.40MB actual

Diesel –

  • -0.709MB expected
  • -1.0MB actual

Gasoline –

  • +1.9MB expected
  • +2.5MB actual

Propane –

  • -0.4MB actual

MARKET UPDATE:

The combination of inventory builds and a stronger dollar resulted in weakness across the energy complex today as it was also expiration day for MAR18 contracts regarding both RBOB and ULSD.  The U.S. Dollar (USD) traded at some of highest levels since mid-January.