July RBOB prices took on a higher track during the early morning hours despite weakness in July crude oil. Some traders attributed early gains to the relative strength in Brent crude oil. The Commitments of Traders Futures and Options report as of June 7th showed non-commercial traders were net long 55,803 contracts, an increase of 4,309. Non-commercial and nonreportable traders combined held a net long position of 62,108 contracts, for an increase of 4,262 in the net long position held by these traders.
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