Basis for Prompt RBOB Weakens after Thanksgiving Holiday
11/27 2:32 PM
Basis for Prompt RBOB Weakens after Thanksgiving Holiday CRANBURY, N.J. (DTN) -- Basis for prompt delivered RBOB in the physically traded New York Harbor market weakened 375 points to a 4.25cts premium to December futures on the New York Mercantile Exchange Monday afternoon. The steep falloff in basis follows higher bids ahead of Thanksgiving Day, which reached a 7.75cts futures premium. A trade for RBOB for a Saturday (11/25) barge delivery that day traded at a 7.5cts premium to the December contract. Monday afternoon, RBOB November anys and for delivery on Thursday were assessed at a 3cts premium to December futures, and at a 1.5cts premium for Dec. 3-5 delivery. Brian L. Milne, 1.732.768.0260, brian.milne@dtn.com, www.dtn.com. (c) Copyright 2023 DTN, LLC. All rights reserved.
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN