Friday, December 7, 2012
Two consecutive large builds in Gasoline inventories have set a near-term bearish tone for the RBOB Gasoline futures, as a formerly tight inventory situation is being remedied. Though U.S. Gasoline supplies are nearly 3 million barrels below last year’s totals, increased refinery rates and slack consumer demand have allowed inventories to move above the 5-year average.
U.S. Gasoline inventories posted their largest increase in 11 years last week, sending … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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