bullish
Trade War Takes a Back Seat to Oil Fundamentals
By: Peter Haralambakis / Posted on: September 20, 2019
Specification Changes Are Coming But Will Prices Soften
By: Peter Haralambakis / Posted on: July 31, 2019
As we head into the month of August, the New York Mercantile Exchange front month futures shifts to September. When we think of September we think of the fall and the seasonal changes to gasoline specifications. While the price spread between the expiring August contract (summer grade) and the October contract (reflecting higher reid vapor pressure) is over $0.20 per gallon. Will the market prices go down as the spread suggests?
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