What does Rbob mean?
reformulated blendstock for oxygenate blending
What Fuels Gasoline Prices? 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.
What is the difference between CME and CBOT?
The CBOT was traditionally an agricultural futures market, before adding financial futures in the 1970s. Today, the CME offers trading in forex futures, currencies, stock indexes, interest rate futures, and agricultural products.
What is traded on the Nymex?
NYMEX offers trading in crude oil, petroleum products, natural gas, coal, electricity, gold, silver, copper, aluminum, platinum group metals, emissions, and soft commodities contracts for trading and clearing virtually 24 hours a day….
| New York Mercantile Exchange | |
|---|---|
| Products | Futures, Options, Clearing |
| Website | www.nymex.com |
What is Cbob vs Rbob?
The Mixers: CBOB and RBOB Blendstocks are blended with other liquids, such as ethanol, to make finished gasoline. CBOB is a blendstock that’s combined with ethanol to get E10 gasoline. RBOB becomes reformulated gasoline (or RFG) after blending with ethanol.
What is Rbob trading at right now?
Energy
| Name | Price | Unit |
|---|---|---|
| RBOB Gasoline | 2.33 | USD per Gallone |
| Uranium | 43.85 | USD per 250 Pfund U308 |
| Oil (Brent) | 82.23 | USD per Barrel |
| Oil (WTI) | 78.53 | USD per Barrel |
How does the CBOT work?
The CBOT is an exchange providing trading in derivatives contracts and clearinghouse functions. It allows traders to buy and sell contracts on several products in asset classes such as agriculture, energy, metals, equities, bonds, and exchange rates. The majority of its trades are conducted electronically.
Is NYMEX owned by CME?
NYMEX, a Designated Contract Market offering products subject to NYMEX rules and regulations, became a part of CME Group in 2008, bringing NYMEX and COMEX under the umbrella of CME Group.
What is the difference between COMEX and NYMEX?
The NYMEX division handles billions of dollars worth of futures and options contracts for energy products such as oil and natural gas. The COMEX division oversees the trading of metals, such as gold, silver, and copper, and also FTSE 100 index options.