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NYMEX Tuesday Wrap: Crude, nat gas, gasoline eke out small gains
HOUSTON, October 18, 2016 (PCW) — November NYMEX crude futures settled up $0.35/bbl to $50.29/bbl. Brent at the close of the NYMEX increased $0.11/bbl to $51.67/bbl.
The December Brent/WTI spread narrowed to $1.05/bbl favoring Brent. Prompt natural gas futures were up 1.9 cents at $3.263/mmBtu. November NYMEX RBOB futures closed at $1.5057/gal, up 1.33 cpg.
October gasoline differentials were mostly stronger versus Monday’s levels.
A3 CBOB 87 regular was up at 6.50 cpg under the screen.
CBOB 87 was stronger at 6.25 cpg under the screen.
D3 CBOB 93 premium was up at 11.50 cpg over the screen.
CBOB 93 was higher at 11.75 cpg over the screen.
RBOB was weaker at 6.00 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.78/bbl, $3.05 /bbl under the screen. – John Troland