Gasoline RBOB May '23 (RBK23)
Gasoline RBOB Futures Market News and Commentary
May WTI crude oil (CLK26) on Monday closed up +0.87 (+0.78%), and May RBOB gasoline (RBK26) closed up +0.0202 (+0.61%). Â Crude oil and gasoline prices settled higher on Monday, with crude posting a 4-week high. Â Crude prices rallied after President Trump signaled an escalation of the conflict in Iran by Tuesday if no deal is reached to reopen the Strait of Hormuz.
Crude prices jumped Monday afternoon when President Trump said the US has plans to decimate Iran by "12 o'clock" Tuesday night if there is no deal to reopen the Strait of Hormuz. Â The Wall Street Journal reported the US military is making preparations for potential strikes on energy targets in Iran.
Crude oil prices remained volatile on Monday, fluctuating between gains and losses amid news headlines about the Iran war. Â Axios reported that the US, Iran, and a group of regional mediators are discussing the terms for a potential 45-day ceasefire that could lead to a permanent end to the war. Â However, the chanc... Read more
Barchart Mon Apr 6, 2:21PM CDT
May WTI crude oil (CLK26 ) on Monday closed up +0.87 (+0.78%), and May RBOB gasoline (RBK26 ) closed up +0.0202 (+0.61%). Crude oil and gasoline prices...
Barchart Mon Apr 6, 2:19PM CDT
May Nymex natural gas (NGK26 ) on Monday closed up +0.011 (+0.39%). Nat-gas prices recovered from a 7.25-month nearest-futures low on Monday and settled...
Barchart Mon Apr 6, 12:33PM CDT
Exxon Mobil’s rally is riding a war premium built on Middle East supply risk and a tanker‑insurance backstop, but underneath that trade investors still...
Barchart Mon Apr 6, 10:42AM CDT
May WTI crude oil (CLK26 ) today is up +0.77 (+0.69%), and May RBOB gasoline (RBK26 ) is up +0.0009 (+0.03%). Crude oil and gasoline prices are moving...
Barchart Mon Apr 6, 10:11AM CDT
My reads on real market fundamentals in crude oil indicate there is indeed a short-term supply scare in place.
Blue Line Futures Mon Apr 6, 8:41AM CDT
Update: On Friday, Iran downed a US fighter jet – with the pilot reportedly ejecting to safety. Over the weekend a US rescue operation took place with...
Barchart Mon Apr 6, 6:30PM CDT
Dell is shrinking its workforce to fund an AI-led transformation, and while that is painful on the labor side, the bigger story for investors is whether...
Barchart Mon Apr 6, 6:10PM CDT
The real risk isn’t buying the wrong business; it’s missing when the right one starts to drift.
Barchart Mon Apr 6, 5:19PM CDT
The wheat complex was mostly lower on Monday across the three markets. Chicago SRW futures were mixed, with front months down 1 to 3 cents and back months...
Barchart Mon Apr 6, 5:19PM CDT
Cotton futures posted 22 to 79 points across most contracts on Monday, with the front months leading the charge. The US dollar index was $0.025 lower at...
Barchart Mon Apr 6, 5:19PM CDT
Corn futures got a pop coming out of the Easter holiday weekend, with contracts closing 1 ¾ to 2 ½ cents in the green. The CmdtyView national average...
Barchart Mon Apr 6, 5:19PM CDT
Lean hog futures saw gains of as little as 12 cents to $3.22 across the board on Monday. USDA’s national base hog price was not reported on Monday afternoon...
Barchart Mon Apr 6, 5:19PM CDT
Soybeans posted gains on Monday, with contracts 3 to 5 1/2 cents higher at the post-Easter close. The cmdtyView national average Cash Bean price was up...
Barchart Mon Apr 6, 5:19PM CDT
Live cattle futures posted gains of 40 to 90 cents on Monday, with front month April up $1.825. There were no deliveries issued for April on First Notice...
