RCC Energy Update 9/13/18

RCC Energy update Wednesday 09/12/2018

MARKET MOVES

NYMEX @ the close.

  • October WTI Crude up $1.12 @ $70.37
  • RBOB up 2.06 cents.
  • ULSD up .57 cents.

Group 3:

  • Gasoline up 1.25 cents.
  • Diesel no change.

Propane:

  • LP finished up 1 cent at the Conway, Kansas hub.

MARKET NEWS

Florence is obviously dominating the market. The traders are easing there position a bit, as the market run slowed on gasoline and diesel.

The weekly DOE report had conflicting data, which probably gives a better reflection on what happened in the market.

Crude had a larger than expected draw, but both products had larger than expected builds.

We will have to see exactly what happens with Florence and where these next to storms are heading.