What Are Gasoline Futures?
RBOB gasoline futures are not quite as liquid as contracts representing WTI, but the market for exposure to this blend of oil is very liquid. RBOB gasoline futures are traded on the NYMEX under the symbol RB. Contracts represent 42,000 gallons, priced in dollars and cents per gallon. Contract months include 36 consecutive months.
The settlement for RBOB gasoline futures is physical, though there is a separate market for futures that are subject to financial settlement. Those contracts also trade on the NYMEX, under the symbol RT.
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