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Article: Index moves to RBOB.(Goldman Sachs Commodity)(New York Mercantile Exchange)(reformulated gasoline blendstock)(Brief article)
- Article from:
- The Oil Daily
- Article date:
- June 9, 2006
CopyrightCOPYRIGHT 2006 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Goldman Sachs Commodity Index GSCI) said on Thursday that it would gradually replace the New York Mercantile Exchange Nymex) unleaded gasoline futures contract with the reformulated gasoline blendstock for oxygen blending (RBOB) futures contract.
The move by the GSCI follows the Dow Jones-AIG Commodity Index, which made the change in March, and will likely accelerate the market's move out of the older unleaded contract into the new RBOB contract.
Goldman Sachs will roll from the unleaded contract ...