February RBOB prices experienced a flat to fractionally higher trade overnight as it reacted to the latest round of US inventory data. The outside market tone is mixed for RBOB, with the US dollar closing in on its December high of 81.415 and equity markets higher. The latest read on US retail demand data showed a surge into the Christmas weekend and was up nearly 8.0% compared to the previous week but remained down 1.6% compared to the year ago level. The notable jump in demand could be a factor that spurs a draw in gasoline supplies during the week. Estimates for today's EIA report for a draw of around 1.0 million barrels.
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