February RBOB prices rallied to their highest level since September 8th during the early morning hours but have struggled to hold onto those gains. Perhaps some of the weakness in the RBOB market comes from a sell off in global equity markets and a rally in the US dollar. Private inventory data late Wednesday showed a much larger than expected build in gasoline supplies last week. Expectations for this morning's EIA inventory data are for a build in the range of 1.0 million barrels.
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