Markets

Morning Gasoline Market Report

September RBOB prices traded higher during the initial morning hours, breaking out to their highest level since May 5th. It seemed that early morning gains came from a boost in optimism on news that US lawmakers have reached a compromise on the US deficit. The Commitments of Traders Futures and Options report as of July 26th showed non-commercial traders were net long 68,078 contracts, a decrease of 615. Non-commercial and nonreportable traders combined held a net long position of 79,626 contracts, an increase of 1,681 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.

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