RCC Energy Update 8/24/18

RCC Energy update Friday 08/24/2018

MARKET MOVES

NYMEX @ the close.

  • WTI Crude up $0.89 @ $68.72 Up $2.81 from last Friday.
  • RBOB up 1.87 cents. Up 9.7 cents from last Friday.
  • ULSD up 2.68 cents. Up 10.4 cents from last Friday.

Group 3:

  • Gasoline up 2.25 cents. Up 10 cents from last Friday.
  • Diesel up 2.25 cents. Up 10 cents from last Friday.

Propane:

  • LP had no change at the Conway, Kansas hub.

MARKET NEWS

Global crude supply concerns continue to keep the market bullish:

Still digesting the larger than expected crude draw on Wednesday.

A strike by North Sea oil field workers is getting closer.

Iranian sanctions are starting and Lybia crude output is unpredictable.