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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (126377)	5/24/2022 12:39:49 PM
From: Goose94	Read Replies (1) of 203577

Nickel Belt: Gasoline Prices Are Set To Spike This Week The combination of physical tightness and robust demand is keeping oil prices near the $110 mark. This week, gasoline prices are likely to garner plenty of attention as inventories continue to drop and US drivers gear up for Memorial Day weekend travel. This is all coming at a time when RBOB futures are seeing record-high levels of backwardation. The prospect of Chinese demand gradually bouncing back and the EU finally agreeing to sanctions on Russian oil is only adding to the upside risk for oil prices.

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