Posted by Geo-TH,In on November 23, 2021 at 06:15:15 from (50.102.12.203):
In Reply to: Fuel for your tractor posted by Texasmark on November 23, 2021 at 05:23:36:
If you want to know the future price of gas google RBOB gasoline. RBOB, Reformulated Blendstock for Oxygenate Blending
RBOB gasoline futures contract is listed on the Chicago Mercantile Exchange (CME) under the futures symbol RB.1 Although it does not receive as much general investor interest as crude oil futures, the contract serves as an essential vehicle for market participants seeking to speculate and hedge in the gasoline market.
RBOB Gasoline (RB:NMX) $2.2033 +0.0464 (+2.15%) DATA AS OF NOV 22, 2021 5:15 PM ET
The price of fuels is based on crude. Watch crude price on CL:NMX
Crude Oil (CL:NMX) $76.75 +0.65 (+0.85%) DATA AS OF NOV 22, 2021 5:15 PM ET
Many factors influence crude. OPEC is the biggest one. The recently OPEC cut production 5 Million barrels to keep crude price up.
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