Morning Gasoline Market Report

July RBOB prices traded significantly lower in overnight and initial morning action, weighed down by a weak macroeconomic tone. Some traders also pointed to gains in the US dollar as another force pressuring prices lower.

Meanwhile, there did seem to be a level of demand coming into the US gasoline market, with increased refiner-buying in the wake of recent outages.

Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.

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