RCC Energy Update 04/25/2018

 

MARKET MOVES

NYMEX: @ 4:PM                                                              

  • June WTI Crude up 33 cents @ $68.03.                             
  • May RBOB down .5 cents.                                           
  • May HO up 1 cent.                                         

Group 3:

  • Gasoline down .5 cents today.
  • Diesel up 1.25 cents today.

Propane:

  • LP finished up 1.5 cents at the Conway, Kansas hub today.

MARKET NEWS

The weekly DOE report came out this morning.

 

There were builds on crude and gasoline supplies, but a draw on diesel.

 

As you can tell from the market moves, traders were fairly neutral about it.

 

In part, the current market run has been influenced by big paper traders taking long positions in the market.

 

These are the people who run the big retirement funds and are called non-commercial traders.

 

Very few deals were done today, so they are sitting back and in a wait and see attitude at least for the day.