Crude oil markets continued in bearish territory over the past week, bouncing a dollar or two on either side of $90/bbl. WTI settled at $90.50/bbl on August 9, down about 4% for the week. Propane prices were slightly weaker, with Mont Belvieu non-TET down about 5%, coming in at $106.7/gal on August 9.
There was no material change to the propane-to-WTI ratio, which was 50% a week ago and at the same level today. That is significantly below the 64% recorded at this time last year.
Read more in the RBN U.S. Propane Billboard Report .
The RBN U.S. Propane Billboard Report is a weekly propane fundamentals analysis focusing entirely on the key market drivers. The report contains details and forecasts around production, demand, pricing, and a summary of exports and international pricing.