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NYMEX Friday Wrap: WTI back below $50/bbl; nat gas continues ascent
HOUSTON, October 7, 2016 (PCW) -- November NYMEX crude futures settled down $0.63/bbl to $49.81/bbl. Brent at the close of the NYMEX decreased $0.68/bbl to $51.90/bbl.
The December Brent/WTI spread narrowed to $1.52/bbl favoring Brent. Prompt natural gas futures were up 14.4 cents at $3.193/mmBtu. November NYMEX RBOB futures closed at $1.4818/gal, down 1.60 cpg.
October gasoline differentials were weaker versus Thursday’s levels.
A3 CBOB 87 regular was softer at 1.25 cpg under the screen.
CBOB 87 was lower at 1.00 cpg under the screen.
D3 CBOB 93 premium was down at 16.75 cpg over the screen.
CBOB 93 fell to 17.00 cpg over the screen.
RBOB was weaker at 0.25 cpg over the screen.
The 3-2-1 crack in the Gulf Coast was $12.35/bbl, $1.44/bbl under the screen. -- John Troland.