RCC Energy Update 10/15/18

RCC Energy update Monday 10/15/2018

MARKET MOVES

NYMEX @ the close.

  • November WTI Crude up $.44 @ $71.78
  • November RBOB up .23 cents.
  • November ULSD up .44 cents.

Group 3:

  • Gasoline N/C.
  • Diesel up .5 cent.

Propane:

  • LP finished up 3.5 cents at the Conway, Kansas hub.

MARKET NEWS

The over night markets were up strong and crude was up $1 at the opening bell. This was all due to growing tensions with Saudi Arabia over the missing journalist.

Things seemed to calm down quite a bit when President Trump sent Secretary of State Pompeo over to visit the Saudi’s.

Sit back and wait and see if there is going to be more price reduction. Everyone is pumping as much crude as they possibly can.