RCC Energy Update 06/15/18

RCC Energy update Friday 06/15/2018

MARKET MOVES:

NYMEX @ the close. 

  • July WTI Crude down $1.83 @ $65.06
  • RBOB down 6.78 cents.
  • HO down 7.17 cents.

Group 3:

  • Gasoline down 6 cents today.
  • Diesel down 7 cents today.

Propane:

  • LP finished down 1.25 cents at the Conway, Kansas hub today.

MARKET NEWS

Market was very bearish today with rumors leaking out of OPEC that the planned production increases by the Saudi’s and Russians is almost guaranteed.