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 · Tue Jun 16, 2:14PM CDT
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 · Tue Jun 16, 2:13PM CDT
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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Wavetraders · Tue Jun 16, 6:50AM CDT
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...
Barchart · 13 minutes ago
Live cattle futures were in rally mode on Tuesday, closing with contracts up $3.60 to $5.95 higher. Cash trade was mostly $255-258 across the country last...
Barchart · 13 minutes ago
Cotton futures saw gains of 35 to 184 point gains across the board on Tuesday. Crude oil was down $4.08 at $76.673. The US dollar index was down $0.071...
Barchart · 13 minutes ago
The wheat complex posted mixed trade on Tuesday, as the soft red and hard red spreads were unwinding. Chicago SRW contracts were 3 ½ to 6 ¼ cents in...
Barchart · 13 minutes ago
Soybeans held off the early weakness on Tuesday, as day session buying took price action 7 ½ to 11 ¾ cents higher into the close. Rumors of Chinese inquiries...
Barchart · 13 minutes ago
Lean hog futures were down 30 cents to $1.77 in the nearbys, with some deferred contracts December and beyond, up a tick to 30 cents. USDA’s national...
Barchart · 13 minutes ago
Corn futures rounded out the Tuesday session on a mixed note, with front months down ¼ to 1 ¾ cents and new crop contracts up ¾ to 2 ¾ cents. The CmdtyView...
Barchart · 17 minutes ago
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Barchart · 20 minutes ago
YUM stock rallied today as the company announced the sale of the Pizza Hut division for $2.7 billion. Here’s why management decided in favor of unloading...