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NYMEX Wednesday Wrap: Crude, nat gas, gasoline crumble
HOUSTON, August 15, 2018 (PCW) -- September NYMEX crude futures settled down $2.03 at $65.01/bbl. October Brent at the close of the NYMEX decreased $1.63/bbl at $70.87/bbl.
The October Brent/WTI spread widened to $6.41/bbl favoring Brent. Prompt natural gas futures were down 1.9 cents at $2.940/mmBtu. September NYMEX RBOB futures closed at $1.9974/gal, down 3.67 cpg.
September gasoline differentials were weaker versus Tuesday’s level.
A2 CBOB 87 regular was softer at 9.25 cpg under the screen.
CBOB 87 was down at 4.00 cpg under the screen.
D2 CBOB 93 premium was lower at 3.75 cpg over the screen.
CBOB 93 fell to 9.25 over the screen.
RBOB was weaker at 0.25 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $15.23/bbl, $4.95/bbl under the screen. -- John Troland