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 Energy StocksCrude Inventories Up ⬆️10.2M bblDomestic prod: 13.2MMbpd Gasoline Down ⬇️1.3M bblImpld demand: 8.58MbpdDistillates Down⬇️1.8M bblSPR 🚫 No ChangeRefiner utilization: 85.7% Energy Market, Prices, &
Consumer Price Index climbs again ahead of pivotal FED meeting. August CPI – MoM CPI: +.6% – YoY CPI: +3.7% – MoM Core CPI: +.3%
⛽EIA Energy Stocks🛢️ In early trading Crude oil prices experienced a slight decrease following the Energy Information Administration’s report of a 6 million barrel inventory
EIA Energy Report ⛽EIA Energy Stocks🛢️ The Energy Information Administration reported that U.S. commercial crude inventories experienced a decrease of 700,000 barrels for the week
Today, crude oil prices experienced a decrease following the U.S. Energy Information Administration’s report of a 5.9 million barrel inventory increase for the week ending
The U.S. Energy Information Administration (EIA) reported a decline of 1.5 million barrels in the estimated inventory for the week ending July 1. This decline
Draw Confirmed by todays EIA report, Crude Prices See Upside. EIA Energy Stocks API Estimates (6/27/23) Crude: -2.408M Gasoline: -2.85M Distillates: +0.777M Today’s EIA report
The Energy Information Administration reported on Thursday that strong export demand and reduced imports contributed to a surprising draw in U.S. crude stocks during the
The Energy Information Administration reported that the week to June 9 saw an estimated inventory build of 7.9 million barrels. This is in contrast to
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
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
Export Inspections Fade Compared to Previous Week. Commodity wide technical selling has most markets in the red. Corn and wheat...
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