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November RBOB prices traded fractionally lower during the initial morning hours bust seemed to stabilize after yesterday's slide. Some of the support for the RBOB market seemed to come from an improved macroeconomic tone, as well as private industry data late Tuesday that showed an unexpected draw in gasoline supplies last week. Expectations for this morning's EIA report call for a modest build of around 500,000 barrels.
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*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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