4-9-21 RCC Energy Market Update

Friday’s trading session was not a very dynamic session for energy futures. No statements or progress was made from U.S. talks with Iran, the U.S. dollar inched its way higher, and the overall equities market was mixed to round out the week. Crude oil prices of late have traded through sessions with more than $2/barrel separating lows and highs, but that did not appear to be the Friday template. May WTI market lacked any conviction closing the day -0.28/barrel. RBOB futures were quiet as well as May RBOB finished Friday’s trade up slightly +0.0028/cpg, finishing the week down -0.0601/cpg compared to last Thursday’s price. ULSD also finished the day in the red closing down -0.0022/cpg, and rounded out the week of trade down -0.024/cpg compared to last Thursday.