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NYMEX Tuesday Wrap: Crude, nat gas, gasoline extend losses
HOUSTON, October 25, 2016 (PCW) — November NYMEX crude futures settled down $0.56/bbl to $49.96/bbl. Brent at the close of the NYMEX decreased $0.63/bbl to $50.78/bbl.
The December Brent/WTI spread narrowed to $0.82/bbl favoring Brent. Prompt natural gas futures were down 5.7 cents at $2.774/mmBtu. November NYMEX RBOB futures closed at $1.5005/gal, down 0.33 cpg.
October gasoline differentials were weaker versus Monday’s levels.
A4 CBOB 87 regular was softer at 8.00 cpg under the screen.
CBOB 87 was weaker at 7.75 cpg under the screen.
D4 CBOB 93 premium was down at 10.00 cpg over the screen.
CBOB 93 fell to 10.25 cpg over the screen.
RBOB was lower at 6.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.89/bbl, $3.40 /bbl under the screen. – John Troland