Heavy NGLs End at Fresh Highs Friday, Up sharply in Week
CANYON LAKE, Texas (DTN) --- Spot prices at the heavy end of the NGLs barrel
extended higher at the key U.S. supply hubs Friday with the exception of Mont
Belvieu Enterprise natural gasoline, as most products posted gains of 17.5% to
22.2% this week.
Mt. Belvieu Enterprise normal butane rose 2.75cts Friday to a more than
three-month high 58.75cts gallon, advancing 17.5% this week, while Conway
normal butane finished the trade session at a 3-1/2 month high 55.5cts gallon
with a 3.5cts gain while up 19.6% on the week.
LST spot natural gasoline ended the trade session Wednesday at a three-month
high 77cts gallon, its premium to Enterprise natural gasoline at a fresh more
than 40-month high 27cts. On the week, LST spot natural gasoline rose 22.2%.
Conway natural gasoline ended with a weekly gain of 19.6%, up 4cts Friday at
a near-three month high 67cts gallon.
In oil markets, nearby New York Mercantile Exchange WTI oil futures settled
at $39.55 bbl Friday with a weekly gain of $4.06 bbl or 11.4%. NYMEX July RBOB
futures settled Friday at 1.2136 gallon, up 18.7% in the week.
Alton Wallace, 1.832-646.9229, email@example.com. http://www.dtn.com
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