8-18-20 RCC Energy Market Update

Crude oil (WTI) made a run into positive territory today and hitting $42.99 before slipping back negative at the close. Refined products also made a run into positive territory, which in earlier hours of the trading period helped pull crude oil up. Products, unlike crude, were able to maintain their positive trajectory and finished the day higher as the markets anticipate draws on the API and DOE reports that will be released this afternoon and tomorrow morning respectively. WTI finished even, while distillates finished up $0.0213 and RBOB was up $0.013.