Do More With Reuters
Partner Services

US Cash Products-Chicago gasoline eases, but still strong

Thu Jun 4, 2009 11:00pm IST
 
Email | Print | | Single Page
[-] Text [+]

NEW YORK, June 4 (Reuters) - Prompt Chicago gasoline steadied, albeit at high premiums on Thursday in quiet trade after a recent run up, dealers said.

Chicago gasoline differentials eased a penny by midday on Thursday, trading at 39 cents over the July RBOB benchmark.

Low stocks in the Explorer and TEPPCO pipelines out of the Gulf Coast coupled with regional refinery work both unplanned and ongoing pushed up differentials to 40 cents over the July RBOB futures screen.

Strong Midwest demand had minimal impact on Gulf Coast differentials, with prompt barrels of conventional gasoline gaining only a quarter point.

In the New York Harbor, gasoline also gained minimally as regional refineries return from both planned and unplanned outages.

Sunoco's Marcus Hook FCCU was back at planned rates after the unit was shut by a May 17 explosion and fire at its 178,000 barrel per day refinery [ID:nN03130410]

Crude oil futures rose with RBOB futures flirting with $2 a gallon for the first time since October as the number of jobless filings declined. [O/N]

For a complete list of refinery outages, click [REF/US]

U.S. GULF COAST <0#P-USG>  Continued...

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

GLOBAL RECOVERY

A labourer works on a flyover bridge at a construction site in New Delhi October 14, 2009. REUTERS/Parth Sanyal/Files
Global economy in holding pattern - IMF

The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months.  Full Article 

People stroll outside the Taj Mahal hotel ahead of the first anniversary of the militant attacks in Mumbai, November 24, 2009.  REUTERS/Punit Paranjpe
Investors worry about another attack

The risk of militants striking again worries investors who fear that a second attack similar to last year's Mumbai raids could shake the economy.  Full Article | Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

road to Copenhagen

BLOGS

Photo
Calculated Move

Reliance aims big with $12 bln bid for LyondellBasell.  Blog 

showcase

U.S. Recession
U.S. Recession

A trip through the epicenters of the American recession.  Full Coverage 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
T P Raman
Column - RBI leads the world

Reserve Bank of India's approach ring-fenced the banking system.   Full Article 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Not Enough Jobs
Not Enough Jobs

Venture capital creates jobs, but not enough.  Full Article 

 
Column - A Sweet Dream
Column - A Sweet Dream

There are good reasons for Ferrero to consider a combination with Cadbury.  Full Article