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NGLs Week

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NGLs Week is PetroChem Wire's comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.

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NYMEX Thursday Wrap: Crude, gasoline extend gains; nat gas softens

HOUSTON, August 30, 2018 (PCW) — October NYMEX crude futures settled up $0.74 at $70.25/bbl. October Brent at the close of the NYMEX increased $0.60/bbl at $77.72/bbl. It was the first close above $70 in a month.

The October Brent/WTI spread narrowed to $7.47//bl favoring Brent. Prompt natural gas futures were up 1.1 cents at $2.874 mmBtu. September NYMEX RBOB futures closed at $2.1435/gal, up 3.75 cpg.

September gasoline differentials were mixed versus Wednesday’s levels.

The 3-2-1 crack spread in the Gulf Coast was $13.75 bbl, $6.49 /bbl under the screen. – John Troland

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