Markets

Morning Gasoline Market Report

June RBOB prices broke down below Friday's inside day trading range during the early morning hours and reached their lowest levels since May 6th in the process. In addition to outside market weakness this morning, June RBOB may also be under pressure following the opening of a key Louisiana spillway to help manage the flooding Mississippi River. The Commitments of Traders Futures and Options report as of May 10th showed non-commercial traders were net long 60,991 contracts, a decrease of 1,117. Non-commercial and nonreportable traders combined held a net long position of 67,907 contracts, for a decrease of 5,596 on the week.

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.

Other Topics

Commodities