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RBOB Gasoline Jun 26 (RBM26.NYM)

NY Mercantile - NY Mercantile Delayed price. Currency in USD
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2.3092+0.1008 (+4.56%)
As of 12:20PM EDT. Market open.
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  • Yahoo Finance Video

    Oil: What hurricane season means for summer production

    Hurricane Beryl made its way through the Caribbean before making landfall in Texas and being downgraded to a tropical storm, causing less damage than what was expected. Crude oil (CL=F, BZ=F) prices tick down this morning in the wake of the storm. Vanda Insights Founder and CEO Vandana Hari comes on The Morning Brief to talk price pressures in the energy sector as hurricane season is predicted to be harsher and more disruptive to oil production than previous years. "There's another angle there as well: In the aftermath of such a hurricane, there's no damage, but typically what happens as the residents of the states hunker down is that fuel consumption goes down," Hari explains. "So it's a sort of a double whammy for oil sentiment, but that alone is not the factor, when prices hit nine-week highs last week... it was a slightly overcooked. There's this narrative of summer oil demand bump, which has been going around, but I think the market is now starting to recalibrate that a little bit. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

  • Zacks

    Petrobras (PBR) Raises Domestic Gasoline Prices in Brazil

    Petrobras (PBR) hikes gasoline prices by 7.1% for the first time in 11 months, raising inflation fears and impacting consumers amid changing political and corporate dynamics and currency depreciation.

  • Reuters

    Brazil's Petrobras ups gasoline prices 7%, first hike under new CEO

    SAO PAULO (Reuters) -Brazilian state-run oil company Petrobras on Monday announced its first gasoline price hike in almost a year, and also hiked the price of gas used for cooking and heating. In a statement, the oil giant announced it will boost gasoline prices for distributors by 7% starting on Tuesday. Petrobras shares closed up more than 2% on Monday following the announcement, while Brazil's benchmark Bovespa index was up 0.2%.