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NYMEX Friday Wrap: Crude, gasoline close week with losses; nat gas gains
HOUSTON, August 3, 2018 (PCW) — September NYMEX crude futures settled down $0.47 at $68.49/bbl. September Brent at the close of the NYMEX decreased $0.34/bbl at $73.17 bbl.
The October Brent/WTI spread narrowed to $5.82 bbl favoring Brent. Prompt natural gas futures were up 3.7 cents at $2.853 mmBtu. September NYMEX RBOB futures closed at $2.0655 gal, down 0.26 cpg.
September gasoline differentials were mostly weaker versus Thursday’s level.
A2 CBOB 87 regular was softer at 8.25 cpg under the screen.
CBOB 87 was down at 2.50 cpg under the screen.
D2 CBOB 93 premium fell to 4.75 cpg over the screen.
CBOB 93 was down at 10.50 over the screen.
RBOB was higher at 1.00 cpg over the screen.
The 3-2-1 crack spread in the Gulf Coast was $14.98 bbl, $4.14 /bbl under the screen. – John Troland