Chicago CBOB Basis Improves with move to October Timing
9/27 4:36 PM
Chicago CBOB Basis Improves with move to October Timing CRANBURY, N.J. (DTN) -- Basis for CBOB on the West Shore, Badger pipeline system strengthened 150 points to a 50-point discount to November futures on the New York Mercantile Exchange for October cycle one timing, however spot price fell with the transition away from cycle three September timing. November RBOB futures settled at a 5.37cts discount to October RBOB futures in the backwardated market. CBOB on the Wolverine Pipeline was pegged flat with November futures, and at a 1cts futures premium for product at the Buckeye Storage Complex. Brian L. Milne, 1.402.255.8020, brian.milne@dtn.com, www.dtn.com. (c) Copyright 2021 DTN, LLC. All rights reserved.