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NYMEX Thursday Wrap: Crude, gasoline reverse course; nat gas sees strong rally
HOUSTON, October 12, 2017 (PCW) — November NYMEX crude futures settled down $0.70/bbl at $50.60/bbl. December Brent at the close of the NYMEX decreased $0.58/bbl at $56.29/bbl.
The December Brent/WTI spread widened to $5.36/bbl favoring Brent. Prompt natural gas futures were up 10.0 cents at $ 2.989 mmBtu. November NYMEX RBOB futures closed at $1.5832 gal, down 2.60 cpg.
November gasoline differentials were mixed versus Wednesday’s levels.
A3 CBOB 87 regular was weaker at1.25 cpg under the screen.
CBOB 87 was down at 1.50 cpg under the screen.
D3 CBOB 93 premium was stronger at 9.50 cpg over the screen.
CBOB 93 was up at 8.75 over the screen.
RBOB was steady at 2.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.69 bbl, $7.76/bbl under the screen. – John Troland