Morning Gasoline Market Report

FOXBusiness

January RBOB prices traded higher during the overnight and early morning hours, breaking out to their highest level since November 16th. Some traders attributed the early strength to a favorable macroeconomic tone and reports that Japan was considering boosting their reserves of oil products like gasoline. The potential move would boost the countries reserves of gasoline from 1 day to 4 days as early as Q2 2012.

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