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NYMEX Thursday Wrap: Oil drops another dollar as gas slips
HOUSTON, November 8, 2018 (PCW) — December NYMEX crude futures settled down $1.00 at $60.67/bbl. It was the ninth straight daily decline. January Brent at the close of the NYMEX decreased $1.40 at $70.77 bbl. The January Brent/WTI spread narrowed to $9.81 bbl favoring Brent.
Prompt natural gas futures were down 1.2 cents at $3.543 mmBtu. December NYMEX RBOB futures closed at $1.6443 gal, down 0.31 cpg.
December gasoline differentials were lower versus Wednesday’s level.
A 4 CBOB 87 regular was lower at 7.00 cpg under the screen.
CBOB 87 was down at 7.00 cpg under the screen.
D4 CBOB 93 premium was lower at 10.00 cpg over the screen.
CBOB 93 was down at 10.00 over the screen.
RBOB was lower at 5.50 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $9.53 bbl, $6.20 /bbl under the screen. – John Troland