Gasoline RBOB May '25 (RBK25)
Gasoline RBOB Futures Market News and Commentary
June WTI crude oil (CLM26) today is down -2.01 (-1.88%), and June RBOB gasoline (RBM26) is down -0.0104 (-0.29%). Â Crude oil and gasoline prices gave up early gains today and fell sharply on concerns that higher energy prices are starting to curb demand and global economic growth. Â
Long liquidation in crude oil accelerated today on signs that high oil prices are beginning to curb energy demand and global economic growth. Â US Q1 GDP rose +2.0% (q/q annualized), weaker than expectations of +2.3%. Â Also, Eurozone Q1 GDP rose +0.1% q/q and +0.8% y/y, weaker than expectations of +0.2% m/m and +0.9% y/y.
In overnight trade, WTI crude oil prices rallied to a 3-week high, and gasoline soared to a 3.75-year high after Axios reported that President Trump will be briefed on new military options for action in Iran, signaling the potential for fresh escalation in the war. Â US Central Command has prepared a plan for a "short and powerful" wave of strikes on Iran, likely infrastructu... Read more
Barchart · 1 hour ago
June WTI crude oil (CLM26 ) today is down -2.01 (-1.88%), and June RBOB gasoline (RBM26 ) is down -0.0104 (-0.29%). Crude oil and gasoline prices gave...
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