Markets

Morning Gasoline Market Report

September RBOB prices traded higher during the initial morning hours, boosted by a positive outside market tone and private industry data Tuesday that showed a unexpectedly large decline in US gasoline supplies. Expectations for this morning's EIA report call for a draw in the range of 1.0 million barrels. Some traders appeared to be more concerned with gasoline demand. While last week's EIA data showed a surprise increase in gasoline demand to 9.244 million barrels per day, traders wonder if it was an anomaly or the start of a new trend.

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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