Gasoline RBOB Sep '26 (RBU26)
Gasoline RBOB Futures Market News and Commentary
September WTI crude oil (CLU26) on Wednesday closed up +5.20 (+6.56%), and September RBOB gasoline (RBU26) closed up +0.0815 (+2.59%).
Crude oil and gasoline prices rallied sharply on Wednesday amid a fresh round of hostilities in the Middle East, which threatens global energy supplies. Gains in crude accelerated on Wednesday after President Trump said the US will “hit Iran hard” after a recent attack from Iran that targeted a US base in Jordan. Crude prices raced to their highs after weekly EIA crude inventories unexpectedly fell to a 7.75-year low and after crude supplies at Cushing sank to a nearly 12-year low.
Crude oil prices jumped on Wednesday after the Islamic Revolutionary Guard Corps (IRGC) said it targeted a US airbase and command center in Jordan with ballistic missiles. The IRGC also claimed to have hit and halted three tankers attempting to transit through the Strait of Hormuz. Meanwhile, the US and Saudi Arabia launched a joint attack on "Iran-aligned te... Read more
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September WTI crude oil (CLU26 ) on Wednesday closed up +5.20 (+6.56%), and September RBOB gasoline (RBU26 ) closed up +0.0815 (+2.59%). Crude oil and...
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