November RBOB prices had a gap higher open Monday evening and trended higher throughout the initial morning hours. There is talk that retail gasoline prices could be on the decline, despite LA cash prices touching another record high yesterday. This comes as Los Angeles wholesale gasoline prices slipped nearly $0.60 after relaxed rules on allowing winter blends into the supply mix. Some traders viewed the expected boost in supply could be a force that limits upside in November RBOB in the near term.


View All Market Commentary

*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.

 

Copyright CME Group All rights reserved.