RCC Energy Update 05/02/18

MARKET MOVES

NYMEX: @ 4:25 PM                                                              

  • June WTI Crude up 68 cents @ $67.93.                             
  • June RBOB down  .8 cents.                                           
  • June HO up 2.2 cents.                                         

Group 3:

  • Gasoline up 1 cent today.
  • Diesel up 3.5 cents today.

Propane:

  • LP finished down 2.25 cents at the Conway, Kansas hub today.

MARKET NEWS

The weekly DOE report came out today 9:30:

Crude had a build of 6.2M gallons.

HO had a draw of 3.9M gallons.

RBOB build of 1.1M gallons.

The traders didn’t let the big crude build reported today influence them and ran crude up after lunch.

Much of the build was reported on the west coast and doesn’t affect the rest of the country.