5-13-20 RCC Energy Market Update

Markets closed negative today, even after the DOE reports were released this morning showing considerable draws in gasoline and a smaller draw on crude oil, the first time in 15 weeks for crude oil. According to OPIS, the reason for the down day is the rout seen today in the financial markets, U.S. markets were down 2%. Crude finished the day down $0.49, Heating Oil finished down $0.0070, and RBOB finished down $0.0658.