W3Schools

Commodities Corner: Why September’s gasoline futures contract has left October’s in the dust

The soon-to-expire September gasoline futures contract has rallied to levels not seen in more than two years, but the October contract hasn’t—thanks to a “summer grade” advantage and Hurricane Harvey.

On Wednesday, the September gasoline RBU7, +4.32% whose full name is reformulated regular gasoline blendstock for blending with 10% denatured fuel ethanol, climbed 10.1 cents, or 5.7%, to settle at $1.885 a gallon on the New York Mercantile Exchange. Based on the front-month contracts, it marked the highest settlement since July 21, 2015, according to FactSet. The September contract, however, expires at Thursday’s settlement.

The soon-to-be front-month October contract RBV7, +1.76% which is already the most-active contract, climbed by a more modest 3.6 cents, or 2.2%, to settle at $1.638 a gallon, for the highest finish for most-active contract since Aug.

>>> Original Source <<<

Comentários