Gasoline prices wobble: UGA gasoline ETF dips after EIA flags big U.S. inventory build

The United States Gasoline Fund closed down 1.7% on Wednesday at $64.63 and was indicated around that level in early premarket trade, as wholesale gasoline prices slid again after a sharp U.S. inventory build.

Gasoline price stock UGA climbs premarket as oil rally puts pump prices back in play

Gasoline price stock UGA climbs premarket as oil rally puts pump prices back in play

Shares of United States Gasoline Fund LP ticked up about 1.1% in early trading Tuesday as oil prices surged amid concerns that unrest in Iran could tighten supply. Brent futures climbed $1.20, or 1.9%, to $65.07 a barrel by 1150 GMT. U.S. West Texas Intermediate rose $1.23, roughly 2.1%, hitting $60.73. “The oil market is building in some price protection against geopolitical drivers,” said John Evans, an analyst at PVM Oil Associates.

US Stock Market Today Updates

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Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

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Michigan sentiment

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Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

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