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NYMEX Friday Wrap: Crude closes week with slim losses; nat gas gives up more ground
HOUSTON, August 5, 2016 (PCW) -- September NYMEX crude futures settled down 13 cents to $41.80/bbl. October Brent at the close of the NYMEX decreased 1 cent to $44.20/bbl.The September Brent/WTI spread widened to $1.63/bbl favoring Brent.
Prompt natural gas futures were down 6.2 cents at $2.772/mmBtu. September NYMEX RBOB futures closed at 137.63 cpg, up 0.83 cpg.
US Gulf cash gasoline differentials were mostly stronger versus Thursday’s levels.
A2 CBOB 87 regular was up at 2.25 cpg under the screen.
CBOB 87 was higher at 1.50 cpg over the screen.
D2 CBOB 93 premium was weaker at 7.00 cpg over the screen.
CBOB 93 was stronger at 15.00 cpg over the screen.
RBOB rose to 3.25 cpg over the screen.
The 3-2-1 crack in the Gulf Coast was $12.53/bbl, $2.64/bbl under the screen. –- John Troland