Rbob futures hedge fund positioning in RBOB futures

Hedge fund positioning in RBOB futures is at its highest since early spring, with net longs up 15% week-over-week. This signals institutional confidence in sustained demand trends moving into peak summer months. Crude oil and gasoline futures prices were all seeing increases Friday morning, with contracts on track to break a four-day streak of losses but still substantially lower for the week. “When asked by CNBC whether the president was referencing RBOB, Trump administration officials pointed to the contract’s recent price action [dropping below $2 per gallon],” Spencer Kimball, a CNBC energy reporter, wrote in a May 5 article . An uptick in U.S. vehicle miles traveled for May is boosting RBOB futures outlook. The monthly increase aligns with forecasts for gasoline consumption growth of 2.4% compared to last year’s period.