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RBOB Gasoline Jul 21 (RB=F)

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
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2.1608+0.0266 (+1.25%)
At close: 4:58PM EDT
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    Crude Oil Bounces; U.S. Output Gain Seen Limited

    This news helped the market bounce after weakness following the hawkish view the Federal Reserve took after its latest two-day meeting earlier this week, which boosted the U.S. dollar.

  • Crude Oil Lower; Stronger Dollar Weighs

    Crude Oil Lower; Stronger Dollar Weighs

    Crude oil prices fell Thursday, falling back from multi-year highs weighed by a stronger dollar after the Federal Reserve hinted at earlier than expected interest rate rises. The Federal Reserve concluded its latest two-day meeting on Wednesday, with its policy makers pointing to two interest rate hikes of 25 basis points in 2023, a year earlier than expected.


    Oil Nears $75 on U.S. Crude Draws, Exports; Overlooks Gasoline Build

    Brent crude, which acts as the global benchmark for oil, was up 49 cents, or 0.7%, to $74.48 per barrel by 12:35 PM ET (16:35 GMT). West Texas Intermediate crude, the benchmark for U.S. oil, rose 19 cents, or 0.3%, to $72.31 per barrel. Oil prices have been on a tear lately amid projections for one of the biggest ever summer demand periods for fuel in the United States as the country reopens fully from Covid-19 lockdowns.