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Gasoline RBOB Dec '19 (RBZ19)

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Futures Prices for [[ item.sessionDateDisplayLong ]]
[[ timeframe ]] futures price quotes as of Thu, Oct 24th, 2019.
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Gasoline RBOB Historical Prices page.

Gasoline RBOB Futures Market News and Commentary

Energy Complex Rallies to 3-Week Highs and Closes Higher on a Bullish EIA Inventory Report

Dec WTI crude oil (CLZ19) on Wednesday closed up by +1.49 (+2.73%), Dec Brent crude oil (CBZ19) closed up by +1.47 (+2.46%), and Dec RBOB gasoline (RBZ19) closed up by +0.0443 (+1.82%). The energy complex rallied to 3-week highs Wednesday on a weak dollar and a bullish EIA inventory report. Crude prices rallied sharply after the EIA reported Wednesday that U.S. crude oil inventories unexpectedly fell -1.7 million bbl versus expectations for a +3.0 million bbl build. Also, EIA gasoline inventories fell -3.10 million bbl to a 1-3/4 year low, more than expectations of -2.25 million bbl. On the negative side, crude supplies at Cushing, OK, delivery point of WTI futures, rose by +1.506 million bbl to a 2-month high. Crude prices have carry-over support on Tuesday's report from Reuters that said OPEC and its allies (OPEC+) will consider steeper cuts to crude production when they meet in December due to concern about weak global demand growth in 2020. However, Russian Energy Minister Novack s... Read more
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