Gasoline RBOB Jan '18 (RBF18)
Gasoline RBOB Futures Market News and Commentary
July WTI crude oil (CLN26) on Tuesday closed down -4.70 (-5.83%), and July RBOB gasoline (RBN26) closed down -0.0667 (-2.26%).
Crude oil and gasoline prices fell sharply for the fourth consecutive session on Tuesday, with crude posting a 3.5-month low and gasoline posting a 3.25-month low. Crude oil prices are sinking on negative carryover from Monday, when the US and Iran agreed to end their war and reopen the Strait of Hormuz. Losses in crude oil accelerated Tuesday afternoon when the Wall Street Journal reported that the US-Iran peace deal would allow Iran to sell crude oil immediately.
President Trump said the Strait of Hormuz will reopen after this Friday’s signing of the peace deal in Switzerland, which will trigger the start of 60 days of talks on Iran’s nuclear program. However, if an agreement isn’t reached on nuclear, the US could restart military attacks.Â
Goldman Sachs on Tuesday cut its price forecast on Brent crude to $80 a barrel in Q4 of this year... Read more
Barchart · 36 minutes ago
July WTI crude oil (CLN26 ) on Tuesday closed down -4.70 (-5.83%), and July RBOB gasoline (RBN26 ) closed down -0.0667 (-2.26%). Crude oil and gasoline...
Barchart · 37 minutes ago
July Nymex natural gas (NGN26 ) on Tuesday closed up +0.092 (+2.92%). Nat-gas prices rallied to a 1-week high on Tuesday and settled sharply higher as...
Barchart · Tue Jun 16, 10:32AM CDT
July WTI crude oil (CLN26 ) today is down -3.76 (-4.66%), and July RBOB gasoline (RBN26 ) is down -0.0653 (-2.22%). Crude oil and gasoline prices extended...
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Crude is coming down, breaking out of the range, coming out from an abcde triangle within wave B that we have been tracking for the last two to three months....
Barchart · Mon Jun 15, 2:14PM CDT
July WTI crude oil (CLN26 ) on Monday closed down -4.13 (-4.87%), and July RBOB gasoline (RBN26 ) closed down -0.1026 (-3.36%). Crude oil and gasoline...
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