RBCURRENT RBOB Gasoline Futures Current Contract
- 2.4517
- -0.0647-2.57%
RBOB Gasoline Futures Current Contract News
Crude Oil Could Be Next – TDS
The notable declines in commodity demand expectations continue to threaten the energy complex although CTAs still hold substantial ammunition to deploy on the offer, TDS senior commodity strategist Daniel Ghali note.
Brent Oil Price Trends Upward Amid Positive Market Signals
Brent crude oil has reached $85.40, marking a continued increase over two consecutive sessions. This upward trend is primarily supported by recent US energy inventory statistics, which showed a significant decrease of 4.87 million barrels against an anticipated decline of 0.8 million barrels.
WTI Consolidates in a Narrow Band Near Weekly Top, Holds Above Mid-$81.00s
West Texas Intermediate (WTI) US crude Oil prices build on the previous day's solid rebound from the 50-day Simple Moving Average (SMA) support and climb to a fresh weekly peak during the Asian session on Thursday.
Crude Prices May Be on the Cusp of a Breakdown – TDS
Downside pressures for Crude oil continue to grow as physical demand trends continue to deteriorate. Crude prices may be on the cusp of a breakdown, TD Securities Senior Commodity Strategist Daniel Ghali suggests.
Crude Oil Extends Declines on Chinese Demand Concerns, WTI Falls Below $80
WTI tumbled below $80.00 per barrel as Crude Oil bids crumble.
Crude Oil Is on a Brink of a Turn – TDS
Crude oil markets could be about to break down. A downtape could now force trend-followers to liquidate a massive -40% of their max size, TDS senior commodity strategist Daniel Ghali notes.
Oil Slips on Chinese Demand Concerns Despite U.S. Rate-Cut Optimism
0756 GMT - Oil prices are edging lower on concerns over China's demand outlook despite dovish comments from Fed Chair Jerome Powell ramping up bets on a September rate cut. Brent crude is down 0.7%
Crude Oil: Downside Pressures to Continue – TDS
Crude oil markets are also particularly vulnerable to a downtape, TD Securities senior commodity strategist Daniel Ghali notes.
Oil Slips on Stronger U.S. Dollar After Trump Assassination Attempt
Oil prices are edging lower on a stronger U.S. dollar following the attempted assassination of former President Donald Trump over the weekend. Brent crude and WTI are both down 0.1% to $84.92 and $82.
Concerns over supply disruption have quickly eased and international oil prices have turned from rise to fall.
Crude oil product showed a trend of top reversal overall. The average price of WTI this week was $82.25 per barrel, down by $0.42 per barrel or -0.51% compared to the previous week.
WTI Hovers Around $82.00 as Soft Inflation Raises the Odds of Fed Rate Cuts
WTI price receives support as easing inflation data has heightened expectations of a Fed rate cut in September.
Oil Prices Rise as Dollar Dips Ahead of CPI Data; US Inventories Shrink
Oil prices rose in Asian trade on Thursday, extending recent gains as weakness in the dollar ahead of key U.S. inflation data benefited price, while bets on tighter global supplies remained in play.
OPEC Monthly Report: Oil supply shortages may occur in the coming months as countries such as Russia have not yet fulfilled their production cuts.
On Wednesday, according to the latest monthly report from OPEC, although Russia significantly reduced its crude oil production in June, the three main OPEC+ members, Russia, Iraq, and Kazakhstan, still supply tens of thousands of barrels per day more than their quotas set earlier this year.
Crude Oil Regains Some Track – TDS
Crude oil's resilience has seen Commodity Trading Advisors (CTAs) add back their notable length in WTI. The impact to oil supply from hurricane Beryl was less than expected, TDS analysts note.
Crude Oil Prices Ease as Investors Digest Fed Chair Remarks, ANZ Bank Says
Crude oil prices ended the previous session lower and saw some volatility as investors considered Federal Reserve Chair Jerome Powell's semiannual monetary policy report, which said the U.S. is "no
Oil Nudges Higher As Inventory Draw Overshadows Fed's Messaging
Oil edged higher as signs of another inventory draw in the US eclipsed uncertainty on the timeline for Federal Reserve interest-rate cuts after testimony from Chair Jerome Powell.
Crude Oil Eases on Tuesday Despite Extended Decline in API Barrel Counts
West Texas Intermediate (WTI) US Crude Oil extended a near term decline on Tuesday, falling to $81.00 per barrel as American Crude Oil markets continue to struggle to find consistent bullish momentum.
U.S Crude Oil Futures Slip Despite Larger-than-expected Dip in Crude Stocks
U.S crude oil futures slipped in post-settlement trading Tuesday even as the American Petroleum Institute reported a larger-than-expected decline in domestic weekly crude stocks in a further sign that summer demand is on the rise.
WTI Depreciates to Near $81.50, Saudi Expects to Rebound Oil Exports to China
The WTI price struggled as Hurricane Beryl caused less damage than anticipated.
GTJA Securities: Crude oil prices continue to trade in line with seasonal expectations.
Last week, crude oil prices continued to remain strong and broke through previous resistance levels. In terms of demand, according to the EIA report, the demand for refined products improved marginally month-on-month and crude oil inventory reduction was better than expected.