Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.

Gasoline Report: Turkeys and Tariffs

2 min read

Summary

The Jan’25 RBOB futures contract has been rangebound over the past fortnight, trading between 1.95c/gal to 2.00c/gal. Meanwhile, the Jan’25 RBOB crack saw initial strength, rising from an intraday low of $9.35/bbl on 11 Nov to an intraday high of $10.90/bbl on 20 Nov, before falling to $9.25/bbl at time of writing on 26 Nov. Bearish pressure emerged alongside a 2.1mb build in US gasoline stocks for the week to 15 Nov, announced in 20 Nov’s EIA data release. We recommend keeping an eye out seasonally low liquidity this week as traders in the US exit for the Thanksgiving holiday.

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Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.