RCC Energy Update 8/27/18

RCC Energy update Monday 08/27/2018

MARKET MOVES

NYMEX @ the close.

  • September WTI Crude up $0.15 @ $68.87
  • RBOB up 1.17 cents.
  • September ULSD up 1.28 cents.

Group 3:

  • Gasoline no change.
  • Diesel up 1 cent.

Propane:

  • No change at the Conway, Kansas hub today.

MARKET NEWS

The news is repeating itself from last week on global supply.

Countering that news is the end of the summer driving season and many planned fall turnarounds for US refineries. These two items will drop crude demand quite a bit.