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NYMEX Tuesday Wrap: Crude, nat gas, gasoline extend gains
HOUSTON, August 7, 2018 (PCW) — September NYMEX crude futures settled up $0.16 at $69.17/bbl. September Brent at the close of the NYMEX increased $0.81/bbl at $74.58 bbl.
The October Brent/WTI spread widened to $6.25 bbl favoring Brent. Prompt natural gas futures were up 3.7 cents at $2.897 mmBtu. September NYMEX RBOB futures closed at $2.1040 gal, up 3.91 cpg.
September gasoline differentials were mostly weaker versus Monday’s level.
A2 CBOB 87 regular was steady at 9.00 cpg under the screen.
CBOB 87 was down at 3.75 cpg under the screen.
D2 CBOB 93 premium was softer at 4.25 cpg over the screen.
CBOB 93 fell to 9.75 over the screen.
RBOB was lower at 1.00 cpg over the screen.
The 3-2-1 crack spread in the Gulf Coast was $15.74 bbl, $4.37 /bbl under the screen. – John Troland