Gasoline RBOB Mar '26 (RBH26)
Gasoline RBOB Futures Market News and Commentary
September WTI crude oil (CLU26) is up +1.42 (+1.67%) on Tuesday, and September RBOB gasoline (RBU26) is down -0.0122 (-0.37%).
Crude oil and gasoline prices are mixed today, with crude oil posting a 3-week high. Today’s sharp decline in the dollar index ($DXY) to a 2.5-month low is bullish for energy prices. Also, the lack of a clear path to a resolution in the Middle East is keeping the Strait of Hormuz closed and limiting crude supplies from the Middle East, keeping upward pressure on oil prices. Today’s weekly EIA inventory report was mixed for crude and gasoline prices.
Crude prices are pushing higher today as Middle East tensions intensified after the United Arab Emirates said it was cutting all economic ties with Iran after accusing Iran of firing ballistic missiles at its territory.
On Monday, President Trump said he's not interested in extending the expiring agreement with Iran, dimming prospects for a swift reopening of the Strait of Hormuz. Also, US... Read more
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