USGC, NYH Jet Fuel Jump After Major Low


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- U.S. Gulf Coast (USGC) jet fuel basis strengthened 
Monday (7/13) from a 15-month low and New York Harbor (NYH) jet fuel rose too 
as ultra-low sulfur diesel (ULSD) futures rallied in NYMEX trading.

   USGC jet fuel basis was heard traded at a 47cts discount to August NYMEX 
ULSD futures, strengthening 6.50cts from Friday's assessment, according to DTN 
Energy data.

   NYH jet fuel basis was assessed at a 46cts discount to August NYMEX ULSD 
futures, strengthening 4cts from Friday, according to DTN Energy data.

   The rebound follows a July 8 selloff that took USGC jet fuel to its widest 
discount in 15 months at 61.75cts, and the NYH jet fuel basis to its weakest 
since March 28 at 55.50cts, DTN Energy data showed.

   Front-month ULSD futures climbed more than 7.5% Monday as renewed 
geopolitical tensions in the Middle East lifted crude oil and refined products 
after the U.S. announced it would reimpose a full blockade on Iranian maritime 
trade.

   Despite the recent recovery, both USGC and NYH jet fuel basis remain well 
below levels seen through much of June, indicating physical jet fuel values 
have yet to fully recover from last week's sharp decline.




(c) Copyright 2026 DTN, LLC. All rights reserved.