RCC Energy Update 05/16/18

RCC Energy Update 05/016/2018

 

MARKET MOVES

 

NYMEX: @ the close.                                                              

  • June WTI Crude up $0.18 @ $71.49                            
  • June RBOB up  4.51 cents.                                          
  • June HO up 2 cents.                                          

Group 3:

  • Gasoline up 4.25 cents today.
  • Diesel up 1.75 cents today.

Propane:

  • LP finished up almost 3 cents at the Conway, Kansas hub today.  

MARKET NEWS:

The DOE report came out today and had the bulls out and running. Crude inventories had a 1.4M barrel draw. Diesel inventories were neutral. Gasoline had 3.8m barrel draw and led the bulls.