Gasoline RBOB Aug '21 (RBQ21)
Gasoline RBOB Futures Market News and Commentary
July WTI crude oil (CLN21) on Tuesday closed up +1.24 (+1.75%), and July RBOB gasoline (RBN21) closed down -.0007 (-0.03%).
July crude oil and gasoline prices on Tuesday settled mixed, with crude at a fresh 2-1/2 year high. Crude prices continued to climb on the outlook for global energy demand to increase as a faster pace of Covid vaccinations allows economies to reopen. A bearish factor for energy prices was Tuesday's 1-month high in the dollar index.
An increase in Chinese gasoline demand is a positive for crude prices as estimates from China's top oil companies show China May gasoline demand was 5% higher than the same period in 2019.
IHS Markit on Tuesday said that crude prices are likely to stay above $70 a barrel amid increasing summer demand and current supply constraints from OPEC+.
Crude oil prices have support from doubts about efforts to finalize a nuclear deal with Iran. Iran's foreign ministry on Monday said that there was "very little time l... Read more
- Crude Closes at a Fresh 2-1/2 Year High on the Outlook for Global Energy Demand to Improve
July WTI crude oil (CLN21 ) on Tuesday closed up +1.24 (+1.75%), and July RBOB gasoline (RBN21 ) closed down -.0007 (-0.03%). July crude oil and gasoline...
- Natural Gas Prices Close Sharply Lower on the Outlook for Cooler U.S. Temps
July Nymex natural gas (NGN21 ) on Tuesday closed down -0.112 (-3.34%). July nat-gas prices on Tuesday fell back from a new 7-1/4 month nearest-futures...
- Natural Gas Prices Retreat From a 7-1/4 Month High on a Cooler Weather Outlook Later This Month
July Nymex natural gas (NGN21 ) this morning is down -0.084 (-2.51%). July nat-gas prices this morning fell sharply from a new 7-1/4 month nearest-futures...
- Crude Rallies to a Fresh 2-1/2 Year High on the Outlook for Global Energy Demand to Improve
July WTI crude oil (CLN21 ) this morning is up +0.84 (+1.19%), and July RBOB gasoline (RBN21 ) is up +.0080 (+0.37%). July crude oil prices this morning...
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