Markets

Morning Gasoline Market Report

January RBOB prices established a lower low during the early morning hours and have fallen nearly 5.0% from Monday's high. Some cash traders noted that a portion of recent selling activity came from year-end inventory management adjustments where refiners' take advantage of lower pricing in hopes of reducing their taxable liability. This is a force that could persist for the next week or so as a number of operations close their books for the year.

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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