November RBOB prices traded higher in early morning action as they tried to correct yesterday's downdraft. It appeared that some of the weakness in the gasoline market came on a restart at a Midwest refinery that is expected to help ease physical tightness in the near term. Expectations for this week's EIA report are for a build in gasoline supplies last week in the range of 250,000 to 500,000 barrels, and a further slide in demand.
*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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