NYH Jet Basis Eases After Inventory Data


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- New York Harbor jet fuel basis moved lower Wednesday 
(4/29), falling 10cts to a 5cts premium to front-month NYMEX ULSD futures, 
according to DTN Energy data.

   The move marks the lowest level this week and the weakest since April 21, 
when basis was assessed at a 1ct premium to the same benchmark.

   The decline follows the release of U.S. Energy Information Administration 
data showing jet fuel inventories in PADD 1 increased by 800,000 bbl to 10.9 
million bbl in the reference week, above the 10.1 million bbl reported in the 
same period last year.




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