Markets

Morning Gasoline Market Report for 11/8/2010

December RBOB made an initial push higher but seemed to fall prey to a stronger US Dollar. While European gasoline prices have increased slightly in recent sessions on the back of stronger European demand and desire to replenish inventories, it appears that RBOB prices are more dependent on the outside markets and the US Dollar. The Commitments of Traders Futures and Options report as of November 2nd showed non-commercial traders were net long 58,287 contracts, a decrease of 699. Non-commercial and nonreportable traders combined held a net long position of 64,142 which represents a decrease of 2,799 contracts in their net long position.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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