The NYMEX front-month RBOB crack spread, basis ICE Brent, has plunged more than 10/barrel over the last month as RBOB futures dropped 13%. RBOB Gasoline Price: Get all information on the Price of RBOB Gasoline including News, Charts and Realtime Quotes. A crack spread is the difference between the wholesale price of a refined petroleum product such as gasoline and the price of crude oil. Crack spreads are a way to measure the margins for refining crude products and can serve to predict how tight the supply of products is in different markets. Where is RBOB Gasoline Made? The refiner decides to “sell” the crack spread by selling RBOB gasoline futures, and buying crude oil futures, thereby locking in the $17.20 per barrel crack spread value. He executes this by selling May RBOB gasoline futures at $1.60 per gallon (or $67.20 per barrel), and buying April crude oil futures at $50.00 per barrel.
The refiner decides to “sell” the crack spread by selling RBOB gasoline futures, and buying crude oil futures, thereby locking in the $17.20 per barrel crack spread value. He executes this by selling May RBOB gasoline futures at $1.60 per gallon (or $67.20 per barrel), and buying April crude oil futures at $50.00 per barrel.
NYMEX RBOB Gasoline/Brent Crack Spread Futures Open Interest is at a current level of 15893.00, N/A from last week and N/A from 14786.00 one year ago. This is a change of N/A from last week and 7.49% from one year ago. The RBOB Gasoline/Brent crack spread allows you to trade the spread between RBOB Gasoline Futures and Brent futures. Trading a position in the crack spread results in two separate positions in the underlying futures legs i.e. a long position in RBOB Gasoline Futures and a short position in Brent futures. All positions are financially settled and appeal to both physical and financial traders. The weekly chart of the RBOB Brent crack spread shows that at times the crack was as high as $28 dollars per barrel and as low as -$5.5 per barrel. When the crack spread is negative there is no incentive for refiners to purchase and refine Brent oil. This generally occurs during a recession or Brent oil is artificially buoyed by supply disruptions. The NYMEX front-month RBOB crack spread, basis ICE Brent, has plunged more than 10/barrel over the last month as RBOB futures dropped 13%. RBOB Gasoline Price: Get all information on the Price of RBOB Gasoline including News, Charts and Realtime Quotes.
Three contracts of crude oil, two contracts of RBOB gasoline, and one contract of Ultra low sulfur diesel. In the figure above we plot the historical 3:2:1 crack spread
NYMEX RBOB Gasoline/Brent Crack Spread Combined Open Interest chart. Visually compare against similar indicators, plot min/max/average, compute correlations. NYMEX RBOB Gasoline/Brent Crack Spread Futures Open Interest is at a current level of 15893.00, N/A from last week and N/A from 14786.00 one year ago. This is a change of N/A from last week and 7.49% from one year ago. The RBOB Gasoline/Brent crack spread allows you to trade the spread between RBOB Gasoline Futures and Brent futures. Trading a position in the crack spread results in two separate positions in the underlying futures legs i.e. a long position in RBOB Gasoline Futures and a short position in Brent futures. All positions are financially settled and appeal to both physical and financial traders.
9 Dec 2019 Crack spreads for NYMEX RBOB, an indicator of profitability for gasoline production, have weakened since late November, as the return of
Crack spread is a term used on the oil industry and futures trading for the differential between the price of crude oil and petroleum products extracted from it. Find information for RBOB Gasoline Crack Spread Futures Quotes provided by Month, Options, Charts, Last, Change, Prior Settle, Open, High, Low, Volume Find information for RBOB Gasoline Brent Crack Spread Futures Contract Specs provided by CME Group. View Contract Specs. The RBOB Gasoline/Brent crack spread allows you to trade the spread between RBOB Gasoline Futures and Brent futures. Trading a position in the crack Current quotes, charts, news, historical data, and analysis for RBOB CRACK SPREAD FEBRUARY 2020 (QARE.G20) Future. Current quotes, charts, news, historical data, and analysis for RBOB CRACK SPREAD Jan 2020 (QARE.F20) Future.
15 Aug 2019 Oil refiners look at crack spreads when making production decisions. A crack spread is the difference between the wholesale price of a refined
The NYMEX front-month RBOB crack spread, basis ICE Brent, has plunged more than 10/barrel over the last month as RBOB futures dropped 13%. RBOB Gasoline Price: Get all information on the Price of RBOB Gasoline including News, Charts and Realtime Quotes. A crack spread is the difference between the wholesale price of a refined petroleum product such as gasoline and the price of crude oil. Crack spreads are a way to measure the margins for refining crude products and can serve to predict how tight the supply of products is in different markets. Where is RBOB Gasoline Made?