5-7-20 RCC Energy Market Update

The futures complex spent most of the morning in positive territory, supported by EIA inventory data and reports that Chinese exports had climbed last month as well as news that Saudi Arabia had raised its official selling price for oil.  Rbob futures saw the most activity today as they closed the day in positive territory (+0.0545) as yesterday draws continue to provide optimism that gasoline demand is on the rise as more states reopen their economies and ease restrictions put in place to deal with covid-19.