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NYMEX Wednesday Wrap: Crude, nat gas, gasoline continue to give up ground
HOUSTON, October 26, 2016 (PCW) — November NYMEX crude futures settled down $0.78/bbl to $49.18/bbl. Brent at the close of the NYMEX decreased $0.84/bbl to $49.94/bbl.
The December Brent/WTI spread narrowed to $0.76/bbl favoring Brent. Prompt natural gas futures were down 4.3 cents at $2.731/mmBtu. November NYMEX RBOB futures closed at $1.4831/gal, down 1.74 cpg.
October gasoline differentials were weaker versus Tuesday’s levels.
A4 CBOB 87 regular was softer at 9.00 cpg under the screen.
CBOB 87 was weaker at 8.75 cpg under the screen.
D4 CBOB 93 premium was lower at 9.00 cpg over the screen.
CBOB 93 was down at 9.25 cpg over the screen.
RBOB fell to 8.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.78/bbl, $3.63 /bbl under the screen. – John Troland