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.
Take the next step and open your futures trading account today…
