RCC Energy Update 9/24/18

RCC Energy update Monday 09/24/2018

MARKET MOVES

NYMEX @ the close.

  • November WTI Crude up $1.30 @ $72.08
  • RBOB up 3.76 cents.
  • October ULSD up 5.99 cents.

Group 3:

  • Gasoline no change.
  • Diesel up 6 cents.

Propane:

  • LP finished up 2 cents at the Conway, Kansas hub.

MARKET NEWS

The OPEC and OPEC’s best ten buddies meeting obviously ended bullish.

They decided that at this point they will increase any output.

Along with this news is that world consumption will out strip supply short term and long term.