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NYMEX Thursday Wrap: Crude, gasoline weaken; nat gas rallies
HOUSTON, September 20, 2018 (PCW) — October NYMEX crude futures settled down $0.32 at $70.80/bbl. November Brent at the close of the NYMEX was down $0.72 at $78.70/bbl.
The November Brent/WTI spread narrowed to $8.38/bbl favoring Brent. Prompt natural gas futures were up 6.8 cents at $2.97/ mmBtu. October NYMEX RBOB futures closed at $2.0146/gal, down 0.61 cpg.
October gasoline differentials were stronger versus Wednesday’s level.
A3 CBOB 87 regular was higher at 2.00 cpg under the screen.
CBOB 87 was up at 2.00 cpg under the screen.
D3 CBOB 93 premium was stronger at 11.50 cpg over the screen.
CBOB 93 rose to 11.50 over the screen.
RBOB was higher at 2.75 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $11.68 bbl, $5.12/bbl under the screen. – John Troland