NYMEX RBOB falls on weaker RINs

摘要

New York—NYMEX August RBOB futures settled 3.78 cents lower Thursday at $3.0170/ gal after breaking to a two-week low led by a drop in US ethanol credits. August RBOB fell to $2.9775/gal—its lowest level since July 10. The selloff, which analysts said was prompted by a drop in ethanol renewable fuel credits, or RINs, led the frontmonth RBOB contract below a key technical level at $3.00/gal.