Gulf Coast Oil Hoped To Reach Pre-Isaac Highs
The Oil Price Information Service (OPIS) reports that Gulf Coast distillate prices in the U.S. Gulf Coast region are up a penny-and-a-half this morning, but not back to pre-Isaac highs.
However, October heating oil futures continue to build on post-Isaac strength, OPIS reported.
Ultra-low-sulfur diesel has seen some activity early, with market sources confirming trades up 9.75 cents.
This morning’s moves has ULSD up 15 points, helping to push cash prices up 1.50-2cents to $3.2425 a gallon and higher.Read more
Oil Prices Gain On Global Supply Threats
West Texas Intermediate (WTI) light sweet crude oil for February delivery was rising 18 cents to $99.28 a barrel. At the same time, the European Brent crude contract for March delivery was down 10 cents to $110.95.Read more