Gasoline price stock UGA jumps nearly 5% as NYMEX RBOB futures surge and jobs data looms
United States Gasoline Fund jumped 4.8% Thursday as NYMEX RBOB gasoline futures rose nearly 4%. U.S. crude stocks fell by 3.8 million barrels last week, while gasoline inventories climbed by 7.7 million barrels, according to EIA data. Marathon Petroleum and Valero shares also advanced. Traders await Friday’s U.S. jobs report and next week’s EIA update for further signals.