Gasoline Market Update : Epic Research Singapore

Moreover, unless there is a significant cut in output, the chronic issue of supply outstripping demand will continue to weigh on global prices well into next year, especially with additional Iranian oil returning to the market in the coming months, analysts said.

January gasoline futures RBF6, +1.16%  rose 6.65 cents, or 5.7%, to end at $1.2414 a gallon. January natural gas NGF16, -0.10%  gained 9.5 cents, or 5%, to settle at $1.983 per million British thermal units.

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