RCC Energy update Monday 07/30/2018
NYMEX @ the close.
- September WTI Crude up $1.44 @ $70.13
- RBOB down .16 cents.
- HO up 1.58 cents.
- Gasoline down 1 cent.
- Diesel down .5 cent.
- LP finished up a 1/2 cent at the Conway, Kansas hub.
The world’s crude oil supply continues to dominate the market’s.
Word of Saudi Arabia and Russian production increases are offset by negative news.
The bulls won the day again today. Maybe $70 crude is the new number.