What are Rbob futures?
RBOB Futures Reformulated blendstock for oxygenate blending futures, or RBOB as it is commonly known in commodities futures trading, is a newer blend of gas which allows for 10 percent fuel ethanol.
How many gallons are in a Rbob contract?
42,000 gallons
Since RBOB gasoline futures involve the delivery of 42,000 gallons of gasoline per contract, traders want to close any positions before key delivery dates.
What is the contract size for crude oil?
1,000 barrels per
Crude oil futures are 1,000 barrels per contract, traded from 6:00 p.m. U.S. until 5:00 p.m. U.S. ET, all months of the year.
What is Rbob trading at right now?
RBOB GasolineCommodity
| Name | Price | Date |
|---|---|---|
| RBOB Gasoline | 3.95 | 5/13/22 04:59 PM |
| Uranium | 56.70 | 3/24/22 07:40 PM |
| Oil (Brent) | 111.22 | 5/13/22 05:58 PM |
| Oil (WTI) | 110.20 | 5/13/22 05:00 PM |
What’s the difference between Rbob and Cbob?
CBOB is a blendstock that’s combined with ethanol to get E10 gasoline. RBOB becomes reformulated gasoline (or RFG) after blending with ethanol.
How gasoline futures work?
Gasoline futures contracts expire on the last business day of the month prior to the delivery month. At expiration, traders must either accept physical delivery of gasoline or roll their positions forward to the next trading month.
What does Rbob gas stand for?
Reformulated Gasoline Blendstock for Oxygen Blending
RBOB is an acronym for “Reformulated Gasoline Blendstock for Oxygen Blending”. This type of gasoline is used as the benchmark for gasoline trading on the Chicago Mercantile Exchange.
What is the margin requirement for crude oil futures?
The margin requirement under NRLM (for an overnight position) is Rs. 29,114/-, assuming the price of Crude is Rs. 3,253/-. However, if you wish to make an intraday trade using MIS, then the margin requirement is roughly 4.5%.
How do oil future contracts work?
Oil futures contracts are simple in theory. They continue the time-honored practice of certain participants in the market selling risk to others who gladly buy it in the hopes of making money. To wit, buyers and sellers establish a price that oil (or soybeans, or gold) will trade at not today, but on some coming date.
What is Rbob price?
$ 3.7030. -0.0176 -0.47% Settlement Price 05/18/2022.
What is the difference between CBOB and RBOB gasoline?
What is the RBOB gasoline futures contract?
RBOB gasoline futures contract is very popular among futures traders following the ban on MTBE-containing gasoline. A gasoline futures market contract (RB) is equivalent to 42,000 gallons or 1,000 barrels of gasoline, and the price quotation is in U.S. dollars and cents per gallon.
What is the RBOB market?
RBOB stands for reformulated blendstock for oxygenate blending. Prices for RBOB gasoline futures logically have a high degree of correlation with crude oil since gasoline is distilled from crude. Thus, some of the global supply and demand factors for crude oil also apply to RBOB. Still, the RBOB market has its own supply and demand factors.
What is the minimum price tick for RBOB?
The minimum price tick for RBOB is 0.0001, which works out to a price move of $4.20 for one contract. The contract unit is for 42,000 gallons or 1,000 barrels.
What does RBOB stand for in gasoline?
RBOB stands for reformulated blendstock for oxygenate blending. Prices for RBOB gasoline futures logically have a high degree of correlation with crude oil since gasoline is distilled from crude.