Robust US Auto Sales Lifted Gasoline and Palladium Prices

4 October 2017 4 October 2017

PartheniaDelossa

Traders continued to take profit on last week's crude oil rally, sending the front-month WTI and Brent contracts -0.325 and -0.21% lower, respectively. For refined oil products, heating oil dropped -0.91% while the RBOB gasoline contract gained +0.66%. The strength in gasoline price was driven by the encouraging US auto sales data.