RCC Energy Update 9/10/18

RCC Energy update Monday 09/10/2018

MARKET MOVES

NYMEX @ the close.

  • October WTI Crude down $0.21 @ $67.54
  • RBOB down 1.08 cents.
  • October ULSD no change.

Group 3:

  • Gasoline down 1 cent.
  • Diesel no change.

Propane:

  • LP finished up .5 cent at the Conway, Kansas hub.

MARKET NEWS

Markets pretty neutral today waiting for more info on how the newest hurricane, Florence, might impact the US.

When hurricanes don’t effect the refinery areas of the gulf, they tend to really push the demand for gasoline and fuel down quite a bit as activities come to a standstill.

Lots of chirping about Iranian sanctions again too.