Friday, June 3, 2016

Gasoline Market Update : Epic Research Singapore

Gasoline supplies were down 1.5 million barrels, while distillate stockpiles fell 1.3 million barrels last week, according to the EIA.

Back on Nymex, July gasoline RBN6, -0.37%  rose 1.9 cents, or 1.2%, to $1.635 a gallon and July heating oil HON6, -0.03%  added about a penny, or 0.7%, to $1.509 a gallon.

Meanwhile, natural-gas futures climbed after the EIA said Thursday that supplies of the commodity rose 82 billion cubic feet for the week ended May 27. Analysts polled by S&P Global Platts forecast an increase of 85 billion cubic feet, on average.

July natural gas NGN16, +0.33%  rose 2.4 cents, or 1%, to $2.405 per million British thermal units. It traded at $2.38 before the data.

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