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NYMEX Monday Wrap: Crude, nat gas open week with gains; gasoline softens
HOUSTON, August 6, 2018 (PCW) — September NYMEX crude futures settled up $0.52 at $69.01/bbl. September Brent at the close of the NYMEX increased $0.60/bbl at $73.77 bbl.
The October Brent/WTI spread widened to $5.83 bbl favoring Brent. Prompt natural gas futures were up 0.7 cents at $2.860 mmBtu. September NYMEX RBOB futures closed at $2.0651 gal, down 0.0004 cpg.
September gasoline differentials were mixed versus Friday’s level.
A2 CBOB 87 regular was weaker at 9.00 cpg under the screen.
CBOB 87 was down at 3.25 cpg under the screen.
D2 CBOB 93 premium was stronger at 5.75 cpg over the screen.
CBOB 93 was up at 12.75 over the screen.
RBOB was higher at 1.75 cpg over the screen.
The 3-2-1 crack spread in the Gulf Coast was $14.50 bbl, $4.26 /bbl under the screen. – John Troland