RCC Energy Update 8/14/18

RCC Energy update 07/14/2018

MARKET MOVES

NYMEX: @ the close. 7/13/2018

  • August WTI Crude up $0.68 @ $71.01
  • RBOB up 3.5 cents.
  • HO down 1.03 cents.

Group 3: 7/13/2018

  • Gasoline up 2.5 cents on. ½ cent lower than 7 days ago.
  • Diesel up 1.25 cents today. 3 cents lower than 7 days ago.

Propane:

  • LP finished down less than 1 cent at the Conway, Kansas hub Friday.

MARKET NEWS

No new oil rigs came on line the past week.

Lots of volatility in the market this week. 4 days of up trade with one day of huge drop.

The traders continue to talk about OPECS ability to replace Iranian oil as more nations start honoring the sanctions against importing their crude oil.

Enjoy the roller coaster ride.