RBOB Change Gulf CBOB Change Group Sub NL Change Gulf Basis Group Basis RBOB Technicals

1/2 $1.7849 -$0.0143 $1.7308 -$0.0143 $1.7045 -$0.0153 (0.0546)$ (0.0807)$ Indicator Direction Resistance

12/29 $1.7992 $0.0062 $1.7451 $0.0008 $1.7198 $0.0028 (0.0541)$ (0.0795)$ MACD Neutral 1.8402 November High

12/28 $1.7930 $0.0015 $1.7443 -$0.0037 $1.7170 $0.0090 (0.0487)$ (0.0761)$ Stochastics Topping 1.8099 December High

12/27 $1.7915 $0.0049 $1.7480 -$0.0002 $1.7080 $0.0037 (0.0435)$ (0.0836)$ RSI Topping 1.6438 December Low

12/26 $1.7866 $0.0243 $1.7482 $0.0193 $1.7043 $0.0280 (0.0384)$ (0.0823)$ ADX Neutral 1.6631 200 Day MA

12/22 $1.7623 $0.0147 $1.7289 $0.0021 $1.6763 -$0.0071 (0.0335)$ (0.0861)$ Momentum Topping Support

12/21 $1.7476 $0.0123 $1.7268 $0.0291 $1.6834 -$0.0084 (0.0209)$ (0.0642)$ Bias: Neutral

12/20 $1.7353 $0.0387 $1.6977 $0.0461 $1.6918 $0.0425 (0.0376)$ (0.0436)$

12/19 $1.6966 $0.0241 $1.6516 $0.0303 $1.6493 $0.0396

12/18 $1.6725 $0.0177 $1.62 $0.0340 $1.6097 $0.0335

12/15 $1.6548 -$0.0159 $1.59 -$0.0159 $1.5763 -$0.0147

12/14 $1.6707 $0.0240 $1.60 $0.0290 $1.5909 $0.0315

12/13 $1.6467 -$0.0509 $1.57 -$0.0584 $1.5594 -$0.0547

12/12 $1.6976 -$0.0290 $1.63 -$0.0342 $1.6141 -$0.0302

12/11 $1.7266 $0.0100 $1.67 $0.0115 $1.6443 $0.0025

12/8 $1.7166 $0.0166 $1.66 $0.0154 $1.6418 $0.0029

12/7 $1.7000 $0.0391 $1.64 $0.0316 $1.6390 $0.0341

12/6 $1.6609 -$0.0575 $1.61 -$0.0687 $1.6049 -$0.0450

12/5 $1.7184 $0.0262 $1.68 $0.0279 $1.6499 $0.0350

12/4 $1.6922 $1.65 $1.6149

$1.6493

ULSD (HO) Change Gulf Ulsd Change Group Ulsd Change Gulf Basis Group Basis HO Technicals

1/2 $2.0676 -$0.0079 $1.9668 -$0.0079 $1.9797 -$0.0089 (0.1014)$ (0.0881)$ Indicator Direction Resistance

12/29 $2.0755 $0.0234 $1.9747 $0.0089 $1.9886 $0.0161 (0.1009)$ (0.0869)$ MACD Bullish 2.3514 Feb 2015 High

12/28 $2.0521 $0.0119 $1.9558 $0.0046 $1.9725 $0.0080 (0.0963)$ (0.0796)$ Stochastics Bullish 2.0906 2018 High

12/27 $2.0402 $0.0017 $1.9511 -$0.0047 $1.9645 -$0.0054 (0.0891)$ (0.0758)$ RSI Neutral 1.8597 Dec Low

12/26 $2.0385 $0.0691 $1.9558 $0.0661 $1.9699 $0.0578 (0.0827)$ (0.0687)$ ADX Bullish 1.838 November Low

12/22 $1.9694 $0.0192 $1.8897 $0.0292 $1.9121 $0.0201 (0.0797)$ (0.0573)$ Momentum Bullish Support

12/21 $1.9502 $0.0060 $1.8605 $0.0085 $1.8920 $0.0123 (0.0897)$ (0.0582)$ Bias: Bullish

12/20 $1.9442 $0.0043 $1.8520 -$0.0020 $1.8797 $0.005712/19 $1.9399 $0.0147 $1.85 $0.0210 $1.8740 $0.0027

12/18 $1.9252 $0.0217 $1.83 $0.0107 $1.8713 $0.0399

12/15 $1.9035 -$0.0064 $1.82 -$0.0067 $1.8313 -$0.0084

12/14 $1.9099 $0.0055 $1.83 $0.0068 $1.8397 $0.0162 Support

12/13 $1.9044 -$0.0292 $1.82 -$0.0359 $1.8235 -$0.0330

12/12 $1.9336 -$0.0170 $1.86 -$0.0203 $1.8564 -$0.0195

12/11 $1.9506 $0.0218 $1.88 $0.0196 $1.8759

12/8 $1.9288 $0.0318 $1.86 $0.0368 $1.8566

12/7 $1.8970 $0.0357 $1.82 $0.0379 $1.8273

12/6 $1.8613 -$0.0526 $1.78 -$0.0526 $1.7841

12/5 $1.9139 $0.0194 $1.84 $0.0147 $1.8342

12/4 $1.8945 -$0.0468 $1.82 -$0.0413 $1.8136

12/1 $1.9413 $1.9413 $1.86 $1.8634 $1.8516

WTI Change Brent Change Group / WCS

1/2 $60.36 -$0.06 $66.70 -$0.17 Gulf Gas Gulf Diesel 3/2/1 5/3/2 Gulf Gas Gulf Diesel 3/2/1 5/3/2 3/2/1

12/29 $60.42 $0.58 $66.87 $0.15 $12.87 $22.52 $16.09 $16.73 $6.42 $16.07 $9.64 $10.28 35.33

12/28 $59.84 $0.20 $66.72 $0.28 $13.42 $22.30 $16.38 $16.97 $6.54 $15.42 $9.50 $10.09 35.03

12/27 $59.64 -$0.33 $66.44 -$0.58 $13.78 $22.31 $16.62 $17.19 $6.98 $15.51 $9.82 $10.39 35.63

12/26 $59.97 $1.50 $67.02 $1.77 $13.45 $22.17 $16.36 $16.94 $6.40 $15.12 $9.31 $9.89 36.80

CPL Linespace Line 1 Change Line 2 Change

0.0005 $0.0018 $0.0337 $0.0075

Indicitive forward prices for ULSD at Gulf Coast area origin points. Prices are estimates only.

Del. Month Price Differential 3 Mo. Avg 6 Mo. Avg

Settle Change Settle Change

S&P 500 2,676 -9.75 Ethanol 1.320 Jan-18 $1.9763 -$0.0670

DJIA 24,719 -118.29 NatGas 2.953 0.039 Feb-18 $1.9661 -$0.0470

Nasdaq 6,396 0.23 Gold 1,309 6.2 Mar-18 $1.9481 -$0.0445 $1.9635

Russell 2000 1,549 -13.42 Silver 17.06 0.23 Apr-18 $1.9357 -$0.0420

EUR/USD 1.2030 0.0045 Copper 3.28 -0.029 May-18 $1.9291 -$0.0410

USD Index 91.83 -0.27 FCOJ 136.00 Jun-18 $1.9242 -$0.0395 $1.9297 $1.9466

US 10 Year Treasury 124.05 -0.13 Corn 350.75 Jul-18 $1.9200 -$0.0395

Oil Volatility Index 20.71 0.61 Soy 951.75 Aug-18 $1.9169 -$0.0395

S&P Volatiliy Index (VIX) 10.18 0.86 Wheat 427.00 Sep-18 $1.9107 -$0.0445 $1.9159

Ethanol RINs 0.6915 0.001 Oct-18 $1.8972 -$0.0570

Nikkei 225 Index 22,740 -25.00 Butane 1.080 0.005 Nov-18 $1.8764 -$0.0770

German DAX Index 13,048 -189.50 Propane 0.980 0.004 Dec-18 $1.8783 -$0.0670 $1.8840 $1.8999

12 Month Avg $1.9233 -$0.0505

*SOURCES: Nymex, CBOT, NYSE, ICE, NASDAQ, CME Group, CBOE. Prices delayed.

Vs BrentVs WTI

$1.55

$1.60

$1.65

$1.70

$1.75

$1.80

12/6 12/8 12/10 12/12 12/14 12/16 12/18 12/20 12/22 12/24 12/26 12/28

RBOB Gulf CBOB Group Sub NL

$1.79

$1.84

$1.89

$1.94

$1.99

$2.04

$2.09

12/12 12/14 12/16 12/18 12/20 12/22 12/24 12/26 12/28

ULSD (HO) Gulf Ulsd Group Ulsd

$1.85

$1.90

$1.95

$2.00

$2.05

1 4 7 10 13 16

ULSD (HO) Gulf ULSD

Disclaimer: The information contained herein is derived from multiple sources believed to be reliable. However, this information is not guaranteed as to its accuracy or completeness. No responsibility is assumed for use of this material and no express or implied warranties or guarantees are ma de. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or reco mmendation to buy or sell products, commodity

$1.25

$1.35

$1.45

$1.55

$1.65

$1.75

$1.85

$1.95

$2.05

1 3 5 7 9 11 13 15

RBOB

CBOT Ethanol