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Gasoline RBOB Jun '16 (RBM16)

1.6149s -0.0170 (-1.04%) 05/31/16 [NYMEX]
N/A x N/A N/A x N/A
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Gasoline RBOB Prices for Tue, May 31st, 2016
Find the latest Gasoline RBOB prices and Gasoline RBOB futures quotes for all active contracts below.
Latest futures price quotes as of Tue, Feb 11th, 2025.
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Gasoline RBOB Futures Market News and Commentary

Crude Settles Higher on Dollar Weakness and Reduced Russian Crude Production

March WTI crude oil (CLH25) Tuesday closed up +1.00 (+1.38%), and March RBOB gasoline (RBH25) closed up +0.0431 (+2.05%).

Crude oil and gasoline prices Tuesday rose to 1-week highs and settled moderately higher.  Tuesday's weaker dollar is supportive of energy prices.  Also, signs that US sanctions are hurting Russian crude production are bullish for oil prices.   Gains in crude were limited on concern that President Trump's 25% tariffs on all steel, aluminum, and finished metals imports into the US will encourage retaliation that curbs US economic growth and energy demand.  

Reduced Russian crude output tightened global oil supplies and supported prices after Russian oil production fell to 8.062 million bpd in January, which was -16,000 bpd below its OPEC+ quota.

Oil prices saw support this week after Saudi Arabia, Iraq, and the United Arab Emirates raised their crude selling prices to Asian customers for March delivery.

Crude has support on Monday's report... Read more

  • Natural Gas Shows Bullish Pattern

    Natural Gas Shows Bullish Pattern, as we see it formed a bullish setup from technical point of view and from Elliott wave perspective.

  • WTI Futures Test Key Resistance Amid Bullish Momentum

    WTI Crude Oil futures posted another strong rally yesterday, settling well above our rare four-star support level we had highlighted in the morning.

  • Forecasts for Colder US Temps Lift Nat-gas Prices

    March Nymex natural gas (NGH25 ) on Monday closed up by +0.135 (+4.08%). Mar nat-gas prices Monday rallied to a 2-week high and settled sharply higher....

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