Markets

Morning Gasoline Market Report

April RBOB prices traded lower throughout the early morning hours and registered a new three-day low in the process. While the early morning weakness broke down below Thursday's low ($3.2550), prices have recovered some of their early morning losses. The Commitments of Traders Futures and Options report as of February 28th showed non-commercial traders were net long 92,149 contracts, an increase of 3,941 and to a new record high level. Non-commercial and non-reportable traders combined held a net long position of 106,892 contracts, which is a new record high. This represents an increase of 3,815 contracts in the net long position held by these traders. The buying trend of the speculator is seen as a positive force.

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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