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Gasoline RBOB Apr '20 (RBJ20)
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Gasoline RBOB Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Gasoline RBOB prices and Gasoline RBOB futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Mon, Feb 26th, 2024.
Latest price quotes as of [[ snapshotDate ]].
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Gasoline RBOB Futures Market News and Commentary

Crude Prices Slump on Chinese Energy Demand Concerns

April WTI crude oil (CLJ24) on Friday closed down -2.12 (-2.70%), and Apr RBOB gasoline (RBJ24) closed down -5.82 (-2.27%).

Crude oil and gasoline prices on Friday retreated on concern about Chinese energy demand.  Crude was also under pressure from signs that Israel will join peace talks in Paris on the Hamas war, which could reduce some geopolitical risk.  A weaker dollar and a rally in the S&P 500 to a record high on Friday were positive factors for crude prices.

Crude prices fell back Friday after Reuters reported Thursday night that Israel will send negotiators to truce talks in Paris today to talk about a ceasefire in the war with Hamas and a return of Israeli hostages.

RBC Capital Markets said domestic oil demand in China has been soft, and limited stimulus measures from the government have been disappointing.  Also, the growth in diesel inventories since the middle of 2023 is "a worry."

Crude prices are supported by concern that the Israel-Hamas war w... Read more

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