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NYMEX Friday Wrap: Crude closes week with losses; nat gas, gasoline gain
HOUSTON, August 31, 2018 (PCW) — October NYMEX crude futures settled down $0.45 at $69.80/bbl. October Brent at the close of the NYMEX decreased $0.32/bbl at $77.40/bbl.
The October Brent/WTI spread wideneded to $7.60/bbl favoring Brent. Prompt natural gas futures were up 4.2 cents at $2.916/mmBtu. September NYMEX RBOB futures closed at $2.1437/gal, up 0.002 cpg.
September gasoline differentials were weaker versus Thursday’s levels.
A2 CBOB 87 regular was softer at 14.50 cpg under the screen.
CBOB 87 was down at 14.50 cpg under the screen.
D2 CBOB 93 premium was weaker at 3.25 cpg under the screen.
CBOB 93 fell to 3.25 under the screen.
RBOB was lower at 15.25 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $13.27/bbl, $7.33 /bbl under the screen. – John Troland