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RBOB Gasoline Futures Contract

The RBOB gasoline futures contract allows market participants the opportunity to profit from or hedge against the price movements of the most important refined byproduct of crude oil. As the primary fuel for most automobiles on the road, gasoline is an integral commodity to the lives of most consumers. As gasoline is a byproduct of crude oil, all RBOB traders keep close watch on the price of WTI or Brent due to the tight price correlation between the two products.

Contract Unit

42,000 Gallons

Futures Contract
Symbol

 

CME Globex: RB

Trading Hours 

CME Globex: Sunday – Friday 5:00 p.m. – 4:00 p.m. Chicago/Central Time (CT).

Minimum Price
Fluctuation

0.0001 per gallon = $4.20

Contract Months

All 12 months

Settlement Method

Deliverable

Price Limit / Circuit

Source: CME Group

The above information was derived from sources believed to be reliable and accurate. It is provided without guarantees and is subject change without notice.

Since 2001, Insignia Futures & Options has been providing commodity futures brokerage services to investors from all over the world.

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