RBOB “In Danger Of Breaking Down” Amid Record Gasoline Contango

June 2017 gasoline futures are traded at the biggest discount ever to the July contract this morning…

As the front-month futures tumbles to its lowest since September.

As Bloomberg reports, Mizuho Securities' Bob Yawger warns its "not a good sign that gasoline is so weak, so close to Memorial Day and driving season… gasoline in danger of breakdown today."

via http://ift.tt/2qwgOAi Tyler Durden

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