RCC Energy Update:

 

MARKET MOVES:

NYMEX:                                                              

  • June WTI Crude up 24 cents @ $68.64.                             
  • May RBOB up 2.8 cents.                                           
  • May HO up 1.8 cents.                                         

Group 3:

  • Gasoline up 5 cents today.
  • Diesel up 3 cents today.

Propane:

  • LP finished down 2 cents at the Conway, Kansas hub today.

MARKET NEWS

All though the crude spigot in the Dakotas is officially turned on, the bulls are still controlling the markets.

Geopolitical concerns and record demands for gasoline outside the summer driving season are out weighing the US heading toward record crude production.

Both the gasoline and diesel markets are in conditions that possibly signal a longer bull run.

We shall see.