February RBOB prices managed to fall below Wednesday's low during the initial morning hours, as they seemed to embrace fears of additional Chinese monetary tightening after that nation's the latest growth data came in higher than expected. Meanwhile, supply concerns from ongoing maintenance and shipping channel closures in Western Europe have pushed cash prices in that region to fresh 28-month highs, and that seemed to offer residual support to RBOB prices. The latest retail gasoline demand data in the US showed a rebound in the recent week to an average rate of 8.67 million barrels per day, according to SpendingPulse. Expectations for this morning's EIA inventory report are for a build in US gasoline stocks in the range of 2.0 to 2.5 million barrels.
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