Wild action overnight in RBOB might be the result of thinned holiday conditions. Perhaps it was partially the result of potentially favorable jet fuel demand signals from Japan. It is also possible that a mostly favorable Japanese economic view provided the lift to RBOB, as the trade is rather up beat on the prospect of the new leadership. However, the product markets should be somewhat held back by slumping European oil demand forecasts from the IEA recently.
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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.
