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Gasoline RBOB Oct '24 (RBV24)

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Gasoline RBOB Futures Market News and Commentary

Crude Posts a 1-Week High on Dollar Weakness and Disruption to Libyan Crude Exports

Oct WTI crude oil (CLV24) today is up +1.19 (+1.73%), and Oct RBOB gasoline (RBV24) is up +4.02 (+2.085%).

Crude oil and gasoline prices today climbed to 1-week highs and are moderately higher.  Today's slide in the dollar index (DXY00) to a 1-week low is bullish for most commodity prices.  Also, the disruption of crude exports from Libya has tightened global supplies and supports prices.  A negative for crude is concern about Chinese fuel demand after today's weaker-than-expected Chinese economic reports.  

Tighter global crude supplies support prices as UN-led talks failed to break an impasse in Libya over control of the country's central bank, which has led to reduced crude exports.  Libya's crude exports fell to 314,000 bpd last week from 468,00 bpd at the beginning of this month.   Earlier this month, Libya's eastern government declared force majeure on all oil fields, terminals, and crude export facilities as it called for a halt to all crude production and exports... Read more

Contract Specifications

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Contract
Gasoline Blendstock New York Harbor [RBOB]
Contract Size
42,000 gallons
Tick Size
$0.0001 (0.01 cent) per gallon ($4.20 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (RTH 8:00a.m. - 1:30p.m.) (Settles 1:30p.m.) CST
Exchange
NYMEX
Point Value
$42,000
Margin/Maintenance
$6,976/6,342
First Notice Date
10/02/24 (16 days)
Expiration Date
09/30/24 (14 days)

Seasonal Chart

Gasoline RBOB Oct '24
Average Price Chart for 5 Prior Oct Contracts

Commitment of Traders Positions as of Sep 10, 2024

View Chart Details
Commercials - Long / Short
175,850 (+6,972)
187,889 (+2,968)
Non-Commercials - Long / Short
73,102 (-3,707)
57,465 (+514)
Producers - Long / Short
123,525 (+7,597)
159,234 (+8,422)
Swap Dealers - Long / Short
47,497 (-954)
23,827 (-5,783)
Managed Money - Long / Short
47,901 (-6,060)
42,668 (+5,541)
Other Reportables - Long / Short
25,201 (+2,353)
14,797 (-5,027)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
1.8545 +6.14%
on 09/11/24
2.1714 -9.35%
on 08/26/24
-0.1715 (-8.01%)
since 08/16/24
3-Month
1.8545 +6.14%
on 09/11/24
2.3819 -17.36%
on 07/05/24
-0.2174 (-9.95%)
since 06/14/24
52-Week
1.8545 +6.14%
on 09/11/24
2.4445 -19.48%
on 04/12/24
-0.3853 (-16.37%)
since 09/15/23

More Gasoline RBOB Quotes

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Most Recent Stories

More News
Crude Posts a 1-Week High on Dollar Weakness and Disruption to Libyan Crude Exports

Oct WTI crude oil (CLV24 ) today is up +1.19 (+1.73%), and Oct RBOB gasoline (RBV24 ) is up +4.02 (+2.085%). Crude oil and gasoline prices today climbed to 1-week highs and are moderately higher. Today's...

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RBX24 : 1.9391 (+1.74%)
DXY00 : 100.752 (-0.36%)
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We anticipate a choppy week in crude markets as the trade digests continued geopolitical developments

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2 Oil Stocks Under $50 to Invest in Energy Like a Billionaire

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CLV24 : 69.77 (+1.63%)
TALO : 11.14 (+0.91%)
NGV24 : 2.375 (+3.04%)
TTE : 67.98 (+0.49%)
PBF : 32.29 (-0.98%)
Cheaper Gasoline Prices And Higher Crude Oil Prices: But Why?

Gasoline prices typically fall in the autumn and early winter as demand decreases and gasoline retailers switch to cheaper winter-blend fuels. Additionally, Americans take fewer trips during this period,...

CLZ24 : 68.07 (+1.46%)
QMZ24 : 68.075 (+1.47%)
CYZ24 : 68.04 (+1.42%)
USO : 70.32 (+0.69%)
ESZ24 : 5,683.50 (-0.13%)
ETZ24 : 5,683.75 (-0.13%)
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No Bull | The Five Spot

5 | What goes up must come down Ethanol has all but lost its year-long run at an extreme discount to gasoline. The collapse in gasoline has left futures trading at their smallest premium over ethanol since...

Nat-gas Prices Relinquish Early Gains as Gulf Production Comes Back Online

October Nymex natural gas (NGV24 ) on Friday closed down by -0.052 (-2.21%). Oct nat-gas prices Friday fell back from a 2-month nearest-futures high and posted moderate losses. Long liquidation emerged...

NGV24 : 2.375 (+3.04%)

Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Maximum Signal Strength.

Key Turning Points

3rd Resistance Point 2.0024
2nd Resistance Point 1.9871
1st Resistance Point 1.9586
Last Price 1.9666
1st Support Level 1.9148
2nd Support Level 1.8995
3rd Support Level 1.8710

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52-Week High 2.4445
Fibonacci 61.8% 2.2191
Fibonacci 50% 2.1495
Fibonacci 38.2% 2.0799
Last Price 1.9666
52-Week Low 1.8545

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