RCC Energy Update 10/05/18

RCC Energy update Friday 10/05/2018

MARKET MOVES

NYMEX @ the close.

  • November WTI Crude up $.01 @ $74.34 on the week
  • RBOB down 1.43 cents.
  • November ULSD down .74 cents.

Group 3:

  • Gasoline down 1.4 cents.
  • Diesel down .8 cents.

Propane:

  • LP finished down a cent at the Conway, Kansas hub.

MARKET NEWS

The markets took a little day off today with no real groundbreaking headlines.

The only real comment was a positive one coming from Saudi Prince, Mohammed Bin Salman, stating that the country is fulfilling promises to make up for Iranian crude supplies lost to American sanctions.

This news may help soften pricing and give some relief from the bulls that have taken markets over in the weeks past.

Have a great weekend!