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RBOB Gasoline Aug 21 (RB=F)

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
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2.3130+0.0048 (+0.21%)
As of 10:28PM EDT. Market open.
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Pre. SettlementN/A
Settlement date2021-07-30
Last price2.3082
Day's range2.3062 - 2.3136

    Global Gasoline Demand Could Flatten As Delta Variant Spreads

    Resurging COVID infections in many major oil-consuming markets, including the United States, Europe, and Southeast Asia, could stagnate the recovery in road fuel consumption globally in the coming weeks

  • Summer's gasoline recovery could fizzle on rising infection cases

    Summer's gasoline recovery could fizzle on rising infection cases

    The summer rebound in global fuel demand could be turning into a slowdown, as analysts expect gasoline consumption to taper off due to resurgent coronavirus cases and structural changes in commuting patterns. Gasoline demand in the United States, the world's top oil consumer, has nearly recovered to 2019 levels following the plunge in travel and business activity during the worst of the pandemic in 2020. Gasoline demand in the United States and Europe is hitting a plateau, and those two regions account for roughly a third of global petroleum consumption, making them key to the rebound in oil and refining markets.


    Crude Oil Edges Higher; Mixed Covid News

    “We will continue to assume Iranian oil supply at 3MMbbls/d by the end of this year, however, will revisit this forecast once talks resume.”