Your browser of choice has not been tested for use with Barchart.com. If you have issues, please download one of the browsers listed here.
or
Menu

Gasoline RBOB Sep '17 (RBU17)

Get Real-Time Futures
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [NYMEX]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
Overview for [[ item.sessionDateDisplayLong ]]
[[ rowChartData.labelLow ]]
[[ rowChartData.lowPriceFormatted ]]
[[ rowChartData.lowPrice ]]
[[ rowChartData.labelHigh ]]
[[ rowChartData.highPriceFormatted ]]
[[ rowChartData.highPrice ]]
since [[ rowChartData.lowDate ]]
since [[ rowChartData.highDate ]]
[[ fieldTitles[key] ]] [[ value ]] [[ value ]]

Gasoline RBOB Futures Market News and Commentary

Crude and Gasoline Market News and Commentary

Feb WTI crude oil (CLG19) on Friday closed up +$1.73 (+3.32%) per barrel and Mar Brent crude (CBH19) closed up +$1.53 (+2.48%). Feb RBOB gasoline (RBG19) closed up +2.28 cents per gallon (+1.59%). The energy complex rallied sharply Friday with crude prices at 1-1/2 month highs and gasoline at a 5-week high on optimism the U.S.-China trade war may soon be settled. Optimism increased after China, the world's second-largest crude consumer, offered to escalate imports of U.S. goods to shrink its trade gap with the U.S. a day after U.S. Treasury Secretary Mnuchin was said to be in favor of eliminating tariffs on Chinese goods in order to strike a trade deal. The trade optimism fueled a sharp rally in equities, which boosts confidence in the economic outlook and energy demand. Signs of slower OPEC crude production is further underpinning crude prices as OPEC Dec crude output fell -751,000 bpd to 31.58 million bpd, the biggest monthly decline in nearly two years, led by a -468,000 bpd cut in crude production from Saudi Arabia. Also, OPEC Dec compliance with its crude production cuts rose to 163% from 112% in Nov, the most in 8 months. Crude prices extended their gains Friday afternoon after Baker Hughes reported that U.S. active oil rigs fell by -21 rigs in the week ended Jan 18 to an 8-month low of 852 rigs.Big Picture Crude Oil Market Factors: Bearish factors include (1) the surge in U.S. oil production to a record high of 11.9 million bpd, (2) the recent stock market turmoil where the S&P 500 dropped to a 20-month low and China's Shanghai Composite sank to a 4-year low, which undercuts confidence in the global economic outlook and in energy demand, (3) the recent rally in the dollar index to a 1-1/2 year high, (4) the increase in crude supplies at Cushing, the delivery point for WTI futures, to a 1-year high, and (5) increased U.S. crude exports that add to global supplies after U.S. crude exports in the week ended Nov 30 rose +761,000 bpd to a record 3.203 million bpd. Bullish factors include (1) the -530,000 bpd decline in OPEC Dec crude production to a 5-month low of 32.62 million bpd, (2) the increase in OPEC Dec compliance with its crude production cuts to 163% from 112% in Nov, the most in 8 months, (3) the reinstatement of full U.S. sanctions on Iran as of Nov 5, although the U.S. gave waivers to 8 countries for up to 1.25 mln bpd of Iranian exports, (4) the agreement by OPEC+ on Dec 7 to cut crude oil production by 1.2 million bpd for the first six months of 2019 (800,000 bpd for OPEC members), which should soak up much of the expected 2019 global oil surplus, and (5) the 50% drop in Venezuelan production seen since 2016.

Contract Specifications

See More
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.) CST
Exchange
NYMEX
Point Value
$42,000
Margin/Maintenance
$5,060/4,600
First Notice Date
09/05/17
Expiration Date
08/31/17 (expired)

Seasonal Chart

Gasoline RBOB Sep '17
Average Price Chart for 5 Prior Sep Contracts

Commitment of Traders Positions as of Dec 18, 2018

View Chart Details
Commercials - Long / Short
177,302 (+5,108)
256,840 (+8,809)
Non-Commercials - Long / Short
132,858 (+1,375)
53,492 (-853)
Producers - Long / Short
110,623 (+4,688)
226,052 (+9,119)
Swap Dealers - Long / Short
41,527 (+49)
5,636 (-681)
Managed Money - Long / Short
84,800 (+1,433)
30,710 (-1,329)
Other Reportables - Long / Short
48,058 (-58)
22,782 (+476)
Get Realtime - Quotes and Charts for Futures Traders. Learn More

Price Performance

See More
Period Period Low Period High Performance
1-Month
1.5374 +39.19%
on 08/17/17
2.1705 -1.41%
on 08/31/17
+0.4633 (+27.63%)
since 07/31/17
3-Month
1.3805 +55.01%
on 06/21/17
2.1705 -1.41%
on 08/31/17
+0.5696 (+36.27%)
since 05/31/17
52-Week
1.3805 +55.01%
on 06/21/17
2.1705 -1.41%
on 08/31/17
+0.5674 (+36.08%)
since 08/26/16

More Gasoline RBOB Quotes

All Futures
Please wait...

Most Recent Stories

More News
A trade agreement with China - really?

Strictly my opinion

Natural Gas Market News and Commentary

Feb Nymex natural gas (NGG19) on Friday closed up by +0.069 (+2.02%). Nat-gas prices recovered from early losses Friday and closed higher on the outlook for colder-than-normal temperatures to move into...

Crude and Gasoline Market News and Commentary

Feb WTI crude oil (CLG19) on Friday closed up +$1.73 (+3.32%) per barrel and Mar Brent crude (CBH19) closed up +$1.53 (+2.48%). Feb RBOB gasoline (RBG19) closed up +2.28 cents per gallon (+1.59%). The...

Midday Market Minute

Tailwind to risk sentiment. The levels to trade. ES, CL, GC, ZB, ZN

Morning Express - Blue Line Futures

Covering ES, Crude and Gold. Out to brokerage clients early every morning with actionable trading ideas.

Natural Gas Market News and Commentary

Feb Nymex natural gas (NGG19) this morning is down by -0.152 (-4.45%). Nat-gas prices are lower this morning on negative carry-over from Thursday's weekly EIA inventory data that showed U.S. nat-gas inventories...

Crude and Gasoline Market News and Commentary

Feb WTI crude oil (CLG19) this morning is up +$0.58 (+1.11%) per barrel and Mar Brent crude (CBH19) is up +$0.63 (+1.03%). Feb RBOB gasoline (RBG19) is up +0.84 cents per gallon (+0.59%). Strength in...

Solid Base. The Energy Report 01/18/19

Oil is getting a boost on trade deal hopes as well as a week of optimism that global central banks are ready to be more [...]

Friday Forecast: EUR/USD, Gold, Crude Oil, Brent, Natural Gas. S&P 500, Dow Jones, DAX (mini)

Forecast and trade ideas

Upside Continues...again

Yesterday the markets gained ground on the news that the US may lift certain tariffs with China. Will that continue today? Read on to learn more...

Barchart Technical Opinion

The Barchart Technical Opinion rating is a 100% Buy and ranks in the Top 1% of all short term signal directions.

Longer term, the trend strength is in the Top 1%. Long term indicators fully support a continuation of the trend.

The market is in highly overbought territory. Beware of a trend reversal.

See More Share

Key Turning Points

2nd Resistance Point 2.3326
1st Resistance Point 2.2362
Last Price 2.1399s
1st Support Level 1.9778
2nd Support Level 1.8158

See More

52-Week High 2.1705
Last Price 2.1399s
Fibonacci 61.8% 1.8687
Fibonacci 50% 1.7755
Fibonacci 38.2% 1.6823
52-Week Low 1.3805

See More

InsideFutures Commentary

InsideFutures is a twice weekly newsletter that features a selection of the latest and best commodities commentary appearing on Barchart.com. Delivered every Wednesday and Friday morning to your inbox.

Add Data Columns to this Table
Learn about our Custom Views
Want to use this as
your default charts setting?
Learn about our Custom Templates
Switch the Market flag
above for targeted data.
Open the menu and switch the
Market flag for targeted data.
Get Streaming Chart Updates
Switch your Site Preferences
to Interactive Chart
Read About Upcoming
Changes to This Feature
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.

Free Barchart Webinar