November RBOB prices trended higher throughout the early morning hours and climbed back into the upper half of yesterday's trading range. It seems that the gasoline market drafts support from tight US supply conditions and unplanned refinery maintenance putting an added drag on near term supply. Some traders noted that today's expiration of October RBOB, which trades at a $0.24 premium to November, could inspire an added level of volatility during the session.
*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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