Energy Market Recap - 10/3/2016

October 3, 2016 10:49AM CDT

November Crude Oil closed up 0.42 at 48.66. This was 0.88 up from the low and 0.36 off the high.

November Heating Oil closed up 1.41 at 155.24. This was 2.62 up from the low and 0.88 off the high.

November RBOB Gasoline finished up 0.72 at 147.03, 0.52 off the high and 2.82 up from the low.

November Natural Gas finished up 0.00 at 2.91, 0.03 off the high and 0.04 up from the low.

A number of world oil benchmarks forged significant new highs for the move to start out the new trading week. Seeing crude oil prices like Brent and Dubai reach significant price levels would seem to suggest that US crude oil pricing is actually lagging behind the rest of the world. In fact, US December crude oil has only managed to reach a 1 month high with the Monday rise. An issue that might provide some support to prices going forward this week is a series of planned refinery maintenance shutdowns and hurricane Matthew in the event it's path veers to the West.

RJO Futures | 222 South Riverside Plaza, Suite 1200 | Chicago, Illinois 60606 | United States
800.441.1616 | 312.373.5478

This material has been prepared by a sales or trading employee or agent of RJO Futures and is, or is in the nature of, a solicitation. This material is not a research report prepared by RJO Futures Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.