RCC Energy Update 06/27//18

RCC Energy update Tuesday 06/27/2018

MARKET MOVES

NYMEX @ the close.

  • August WTI Crude up $2.23 @ $72.76
  • RBOB up 6 cents.
  • HO up 5 cents.

Group 3:

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

Propane:

  • LP finished up almost 4 cents at the Conway, Kansas hub today.

MARKET NEWS

The Bulls were out strong for a second day in a row today.

The speculators were pushing the market on a huge weekly draw of 10MB on crude oil as reported by the US EIA.

The report had nominal builds on both products, but the huge crude draw drug the product prices along with it.