November RBOB prices reversed their negative course during the early morning hours, supported by a rebound in crude oil prices, weakness in the US dollar and improvement in risk attitudes. Yesterday's EIA weekly gasoline stock report showed an increase of 791,000 barrels, which was slightly below expectations. Meanwhile, current inventories are 7.723 million barrels below last year but 10.854 million above the five year average. Average total gasoline demand for the past four weeks was down 2.43% compared to last year. Gasoline imports came in at 541,000 barrels per day compared to 692,000 barrels the previous week.
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