While the November RBOB contract at last week's lows was close to 25 cents a gallon below the September highs, the market was able to recover 12 cents a gallon at the end of last. While RBOB might find some early support from news of a recent Chinese aviation fuel purchase and from a minor US refinery glitch overnight, a negative "big picture" macro economic outlook is likely to weigh on many physical commodity prices. News of a minor increase in Chinese implied oil demand for August over year-ago level has had little noticeable impact on the energy markets this morning.

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