Gulf Coast, NYH Spot Oil Products Drifting Lower at Midday
6/17 11:27 AM
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 gallon. 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,, (c) 2019 DTN. All rights reserved.
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