Gulf Coast, NYH Spot Oil Products Drifting Lower at Midday
BURLINGTON, Vt. (DTN) --- Open market gasoline and diesel fuel prices are
down in New York Harbor and the Texas Gulf Coast Monday morning, pressured
primarily by a downturn in New York Mercantile Exchange oil futures on light
profit taking following a strong close in paper trading on Friday.
Physical trading has so far been light in the Harbor and moderate at the
Gulf to open the week.
July WTI crude oil futures were $0.28 lower at press time trading $52.23
bbl, and moving in less than a $1.00 bbl trading range this morning. Spot month
ULSD futures were 1.16cts in negative territory printing $1.8178 gallon, and
the July RBOB contract was down 1.66cts trading $1.7159 gallon at last check.
Gulf Coast 62-grade diesel fuel was reported sold 4.7cts below the July
futures print for 36th cycle Colonial Pipeline transport that trims spot price
by 1.31cts to $1.7708 gallon. Ultra-low sulfur diesel fuel in New York Harbor
is offered at a 1.25cts futures discount for offline Colonial Pipeline
delivery, moving spot price 1.69cts below its DTN Friday closing market rating
to an implied $1.8025 gallon.
A2 9.0-lb. Gulf Coast CBOB has changed hands at a 16.25cts futures discount
for 36th cycle CPL consignment, backing spot price down 1.76cts to $1.5534
New York Harbor 9.0-lb. conventional unleaded regular is maintaining a 3cts
July futures discount this morning, cutting spot price by 1.66cts to a notional
$1.6859 gallon for Colonial Pipeline delivered supply.
G. Bud deGorgue, 1.802.524.1784, email@example.com, www.dtn.com. (c) 2019
DTN. All rights reserved.