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NYMEX Friday Wrap: Crude, natgas close week with losses; gasoline rebounds
HOUSTON, October 14, 2016 (PCW) — November NYMEX crude futures settled down $0.29/bbl to $50.35/bbl. Brent at the close of the NYMEX decreased $0.11/bbl to $51.91/bbl.
The December Brent/WTI spread narrowed to $1.16/bbl favoring Brent. Prompt natural gas futures were down 5.6 cents at $3.285/mmBtu. November NYMEX RBOB futures closed at $1.4936/gal, up 1.18 cpg.
October gasoline differentials were mostly weaker versus Thursday’s levels.
A3 CBOB 87 regular was softer at 2.25 cpg under the screen.
CBOB 87 was lower at 1.75 cpg under the screen.
D3 CBOB 93 premium was weaker at 15.75 cpg over the screen.
CBOB 93 was stsronger at 16.25 cpg over the screen.
RBOB fell to 1.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.59/bbl, $1.82 /bbl under the screen. – John Troland