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NYMEX Thursday Wrap: Crude extends rally, nat gas weakens
HOUSTON, August 4, 2016 (PCW) —- September NYMEX crude futures settled up $1.10/bbl to $41.93/bbl. October Brent at the close of the NYMEX increased $1.14/bbl to $44.21/bbl.
The September Brent/WTI spread widened to at $1.52/bbl favoring Brent. Prompt natural gas futures were down 0.5 cents at $2.834/mmBtu. September NYMEX RBOB futures closed at $1.3680/gal, up 1.81 cpg.
US Gulf cash gasoline differentials were mixed versus Wednesday’s levels.
A2 CBOB 87 regular was stronger at 2.50 cpg under the screen.
CBOB 87 was higher at 1.25 cpg over the screen.
D2 CBOB 93 premium was up at 7.50 cpg over the screen.
CBOB 93 was weaker at 11.25 cpg over the screen.
RBOB was softer at 2.50 cpg over the screen.
The 3-2-1 crack in the Gulf Coast was $12.29/bbl, $2.66/bbl under the screen. – John Troland
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