Markets

Morning Gasoline Market Report 12/27

February RBOB prices rallied to their highest level since September 17th during the initial morning hours but struggled to hold those early gains. The subsequent Negative reversal action from the morning high, coupled with more indications of sluggish US gasoline demand leave recent gains in February RBOB vulnerable to a deeper set back. The market seemed to shrug off headlines suggesting that a further tax on Chinese refiners could limit the amount of gasoline exports.

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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.

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