5-22-20 RCC Energy Market Update

Crude oil and refined product futures finished the day in the red and have not drifted too far from where they were to start Friday morning. Volumes appeared to be thinning out with the Memorial Day holiday weekend approaching. Current estimates for WTI trade are just over 316,600 lots for July. For perspective, yesterday July trading was in the 373,000 area. With that being said, WTI crude finished the day -$0.67/cents per barrel. Refined product futures as stating earlier finished the day in the red also with ULSD futures closing down -$0.0070/cpg and RBOB closing down -$0.0069/cpg.