• TAC - The Arnold Companies
The Arnolds Companies

RBOB Futures Lag Behind The Rest Of The Energy Complex

Monday, Jul 20 2020
Market Talk

RBOB futures are lagging behind the rest of the energy complex this morning as the market digests the possibility of a new round of widespread lock-downs. Several of the nation’s big cities are considering/proposing two week lock-down orders to help curb the spread of the virus including L.A., Houston, and Atlanta.

The CFTC’s Commitment of Traders report aptly reflected last week’s slow trading showing little change in Managed Money (speculative) positions. The most notable takeaway is the uptick in length of the managed RBOB position, showing increased bets in rising gasoline prices despite its weak performance last week.

Baker Hughes reported yet another decrease in total active oil rigs last week. The net decrease of five active platforms brings the total to 253, a new all-time low.

Click here to download a PDF of today's TACenergy Market Talk.

TAC - The Arnold CompaniesTACenergyTAC AirKeystone Aviation

Latest Posts

News Update: New Senior Vice President and Chief Financial Officer
The Crescent® Renews and Expands Leases Totaling 48,856 Square Feet
Keystone Aviation Renews WYVERN Wingman Certification
TAC Air and The Wall Street Journal Launch Digital Newspaper Distribution for Business Aviation Executives

Archive

Latest Posts

Archive

The Arnold Companies
  • About
  • News & Views
  • Social Media
  • Careers
  • Contact Us
  • Sitemap
TACenergy
  • Supply
  • Customer Login
  • Apply For Credit
  • Market Talk Updates
  • Contacts
  • Blog
  • Social Media
Find Your Next Great Role With TAC.
Explore Careers
  • Privacy Policy
  • Terms of Use
  • Employee Login
TAC - The Arnold Companies © 2021. All Rights Reserved.