Gasoline has a strong price correlation to crude oil. Refiners will turn about half of a barrel of crude oil into gasoline. Heating oil price also has a strong correlation to diesel price, with most of the demand for heating oil coming from October through March to heat homes in the U.S.
Watch for our chart updates on the Energy Information Administration (EIA) Weekly Status Reports that report inventory and product supplied (demand). Bookmark this page or subscribe to our market updates newsletter to make smarter decisions when it comes to trading gas futures.
Refinery efficiency will have an influence on the finished product markets. Efficiencies can be seasonally based on scheduled maintenance programs and also be affected by unplanned disruptions like war, natural disasters, etc.
Refining Margins play a big role in the supply of finished products. Utilizing crack spreads is how refinery operations decide how much and what product to produce. Since crude oil is the starting product, refiners must purchase it to then refine it into a finished product like gasoline, jet fuel, diesel, etc, and then sell the finished products. Some of the common crack spreads are the 1:1, 3:2:1, and 5:3:2 spreads.
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EIA Report Shows Large Draws in Crude Oil, Gasoline, SPR. The U.S. Energy Information Administration estimated that inventories in the country had shed 12.5 million
U.S. Energy Information Administration reported an inventory build of 5 million barrels for the week to May 12, causing crude oil prices to move lower
EIA Report Shows a Drop in Inventory, Overshadowed by Looming FED Decision Later today, analysts expect the Fed to announce another rate hike, while Congress
EIA report shows declines in stock supplies across the board. Energy Information Administration reports an inventory draw of 5.1 million barrels for the week to April 21.
Energy Information Administration report a draw of 4.6 million barrels in crude oil inventories, as opposed to a modest build of 600,000 barrels the previous
Energy Information Administration’s report for the week ending April 7th, 2023, it was estimated that there was a modest increase in crude oil inventories of
After fairly consistent builds, US Crude stocks see a good size draw. The Energy Information Administration on Wednesday reported that crude inventories fell by 7.5 million barrels
U.S. Energy Information Administration reported another weekly build in crude oil inventories of 1.1 million barrels. That compared with a build of 1.6 Million for the previous week.
Crude Build Returns, After last week’s drawdown. Crude Inventories 🔺 UP 1.6 M Gasoline 🔽 down 2.1 M Distillates 🔽 down 2.1M Ethanol 🔺UP
After more than 2 months of increases, Crude Inventories Drop. Crude Inventories🔽 1.694 million barrels Gasoline 🔽1.134 million barrels Distillates 🔺138,000 barrels Ethanol 🔺545,000 barrels
Exchange: New York Mercantile Exchange
Exchange Symbol: RB
Tick Size: $0.0001 (0.01 cent) per gallon ($4.20 per contract)
Contract Size: 42,000 gallons
Months: All Months
Trading Hours: 5:00 pm – 4:00 pm (Sun-Fri) (RTH 8:00 am – 1:30 pm) (Settles 1:30 pm) CST
Margin/Maintenance: $11,550/10,500
Wheat Posts Another Net Negative. Corn💠 186,695 MT Soybeans💠123,396 MT Wheat 💠-165,396 MT Export commitments are 35.6% behind a year-ago compared...
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Futures prices may have already factored in the seasonal aspects of supply and demand. Unless otherwise indicated , this is not to be an offer to sell a solicitation to buy any futures or options on futures contracts. This data is from soruces we believe to be reliable but cannot guarantee its accuracy. Opinions expressed are subject to change without notice. Trading commodity futures and options on futures involve substantial risk and may not be appropriate for everyone. Past performance may not necessarily be indicative of future results.
