Monday, May 1, 2017

RBOB "In Danger Of Breaking Down" Amid Record Gasoline Contango

June 2017 gasoline futures are traded at the biggest discount ever to the July contract this morning...



As the front-month futures tumbles to its lowest since September.



As Bloomberg reports, Mizuho Securities" Bob Yawger warns its "not a good sign that gasoline is so weak, so close to Memorial Day and driving season... gasoline in danger of breakdown today."

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