NYMEX RBOB tumbles amid bearish data

摘要

London-NYMEX May RBOB settled 7.73 cents lower at $2.8651/gal April 10, following the release of bearish US Energy Informa- tion Administration weekly oil data, as low demand failed to keep up with an onslaught of imports, which boosted inventories. Front-month RBOB dropped more than 4.50 cents in under 15 minutes after the EIA data showed a particularly bearish 1.541 mil- lion barrel jump in US Atlantic Coast stocks, which rose to 59.306 million barrels. The USAC is home the New York Harbor-delivered NYMEX RBOB contract.