Heavy NGLs End at Fresh Highs Friday, Up sharply in Week
6/05 5:26 PM
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, alton.wallace@dtn.com. http://www.dtn.com. (c) Copyright 2020 DTN, LLC. All rights reserved.
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