RBOB gasoline futures hit multi-month highs on larger inventory draw
RBOB gasoline futures reached their highest levels in over three months, supported by larger-than-expected inventory drawdowns. Domestic refineries are operating near full capacity as crude lags in a $82–$83 range.
RBOB Gasoline futures reach their highest levels in over three months, driven by larger-than-expected inventory drawdowns and domestic refineries operating near full capacity.
This upside momentum creates notable price dispersion in the energy sector, as WTI Crude Oil futures lag behind and remain range-bound between $82 and $83.
Dan Deming explores the diverging trends, analyzing how system tightness is supporting the gasoline rally while crude oil consolidates at lower levels.