Rbob , what is it ?

RBOB is an acronym for “reformulated gasoline blendstock for oxygen blending.” It is the benchmark gasoline contract on the New York Mercantile Exchange, so basically it is the wholesale price of gasoline before blending for different areas and climates.

For those with more of an interest please follow the links here to get a little better understanding of RBOB.

For our purposes here we use the term RBOB as a stand-in for the Wholesale gasoline contract as traded in the commodities markets. Specifically we reference benchmark gasoline contract traded on the New York Mercantile Exchange.

http://www.wearethepractitioners.com/index.php/topics/art-analysis/petroleum-supply-chain/gasoline-bobs-cbob-and-rbob-and-carbob

https://en.wikipedia.org/wiki/Price_of_oil

 

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