Los Angeles ULSD Basis Jump 23cts on Active Trading


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- The basis of Los Angeles ultra-low sulfur diesel spiked 
by 23cts on Thursday (3/19) after a trade was reported at a 8ct premium against 
the NYMEX ULSD futures contract for May delivery.

   This was a significant increase as Los Angeles ULSD basis flipped to a 
premium after recording an 11.5cts discount to May NYMEX ULSD futures in the 
previous trading session. 

   Market participants did not cite a specific reason behind the increase.




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