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NYMEX Wednesday Wrap: Crude, gasoline collapse; nat gas gains
HOUSTON, August 8, 2018 (PCW) — September NYMEX crude futures settled down $2.23 at $66.94/bbl. September Brent at the close of the NYMEX decreased $2.32/bbl at $72.26 bbl. The October Brent/WTI spread narrowed to $6.01 bbl favoring Brent.
Prompt natural gas futures were up 5.2 cents at $2.949 mmBtu. September NYMEX RBOB futures closed at $2.0195 gal, down 8.45 cpg.
September gasoline differentials were steady to lower versus Tuesday’s level.
A2 CBOB 87 regular was lower at 9.25 cpg under the screen.
CBOB 87 was steady at 3.75 cpg under the screen.
D2 CBOB 93 premium was lower at 3.75 cpg over the screen.
CBOB 93 was down at 9.50 over the screen.
RBOB was steady at 1.00 cpg over the screen.
The 3-2-1 crack spread in the Gulf Coast was $14.73 bbl, $4.50 /bbl under the screen. – John Troland