June RBOB prices were sharply lower during the early morning hours, falling to their lowest level since February 10th. Some traders pointed a couple of factors fueling the slide in prices, including an active import flow into the Northeast US region, as well as a potential buyer for the a closed Pennsylvania refinery. The Commitments of Traders Futures and Options report as of April 17th showed non-commercial traders were net long 91,980 contracts, a decrease of 227. Non-commercial and nonreportable traders combined held a net long position of 104,683 contracts, for an increase of 1,376 during the report week.
Saturday, May 25, 2013 As of 2:51 PM EDT
U.S. EDITION
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