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US Butane Gains versus NYMEX WTI Futures Monday
6/01 4:56 PM
US Butane Gains versus NYMEX WTI Futures Monday CANYON LAKE, Texas (DTN) --- Spot butane prices finished at near three-month highs at key U.S. supply hubs Monday, with Enterprise normal butane trading above 60% of nearby NYMEX WTI crude oil futures for the first time in 1-1/2 weeks. Mt. Belvieu Enterprise normal butane and Conway normal butane both finished 2cts higher Monday, the former at 52cts gallon and the latter at 48cts gallon. Enterprise normal butane traded late day at 60.6% of the nearby WTI futures contract, which settled 5cts lower Monday at $35.44 bbl. Mt. Belvieu Enterprise isobutane rose 1.75cts at 51.25cts gallon, a near three-month high. Alton Wallace, 1.832-646.9229, alton.wallace@dtn.com. http://www.dtn.com. (c) Copyright 2020 DTN, LLC. All rights reserved.