Posted by on May 1, 2017 4:34 pm
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Categories: Business Contango Economy Finance Futures Futures contract Futures markets Gasoline Investment Mizuho Securities money Primary dealers Security

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.”

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