The US Atlantic Coast ULSD cash market sprang to life Wednesday, with differentials soaring 9.50 cents/gal on increased buying amid few sellers, sources said. Early prompt ULSD trade was reported at the May NYMEX heating oil contract plus 22.50 cents/gal for barrels delivered via Sunoco's pipeline in Philadelphia to a nearby terminal.A cargo of ULSD fixed out of Canada was reported sold at the May NYMEX plus 24 cents/gal for 250,000 barrels delivered NY Harbor April 6-8 (Hess-Mabanaft). NY Harbor barge trades were reported later at the May NYMEX heating oil contract plus 27 cents/gal for April 8-10. Another barge trade was reported at the May NYMEX plus 27.50 cents/gal for 25,000 barrels delivered April 9-12 (Hess-BP).
展开▼