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NYMEX Thursday Wrap: Oil drops below $69, gas plunges
HOUSTON, October 18, 2018 (PCW) — November NYMEX crude futures settled down $1.10 at $68.65/bbl. December Brent at the close of the NYMEX decreased $0.54 at $79.90 bbl. The December Brent/WTI spread widened to $10.65 bbl favoring Brent.
Prompt natural gas futures were down 12.2 cents at $3.198 mmBtu. November NYMEX RBOB futures closed at $1.8911 gal, down 2.76 cpg.
November gasoline differentials were lower versus Tuesday’s level.
A 4 CBOB 87 regular was lower at 5.50 cpg under the screen.
CBOB 87 was down at 5.50 cpg under the screen.
D4 CBOB 93 premium was lower at 10.25 cpg over the screen.
CBOB 93 was down at 10.25 over the screen.
RBOB was lower at 4.50 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $10.80 bbl, $5.63 /bbl under the screen. – John Troland