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NYMEX Wednesday Wrap: Oil drops $1.10, nat gas also falls
HOUSTON, August 1, 2018 (PCW) — September NYMEX crude futures settled down $1.10 at $67.66/bbl. September Brent at the close of the NYMEX decreased $1.88/bbl at $72.43 bbl. The October Brent/WTI spread narrowed to $5.93 bbl favoring Brent.
Prompt natural gas futures were down 2.4 cents at $2.758 mmBtu. September NYMEX RBOB futures closed at $2.0451 gal, down 3.54 cpg.
September gasoline differentials were mostly higher versus Tuesday’s level.
A2 CBOB 87 regular was higher at 7.00 cpg under the screen.
CBOB 87 was up at 1.25 cpg under the screen.
D2 CBOB 93 premium was higher at 6.00 cpg over the screen.
CBOB 93 was up at 11.75 over the screen.
RBOB was higher at even cpg with the screen.
The 3-2-1 crack spread in the Gulf Coast was $15.09 bbl, $3.88 /bbl under the screen. – John Troland