Markets

Morning Gasoline Market Report

(IBTimes) - June RBOB prices were under heavy pressure during the early morning hours and fell to their lowest since February 8th. It appears that the RBOB market has also come under heavy liquidation pressure in recent sessions. Since the last COT positioning report (as of April 24th) open interest in RBOB has declined by 11.25%, as prices fell a little more than $0.05. This suggests that the breakdown in prices has likely seen a significant drop in net long positioning to a more moderate level.

Original Source: http://www.ibtimes.com/articles/337297/20120504/morning-gasoline-market-report.htm

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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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