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NYMEX Thursday Wrap: Crude, nat gas surge; Brent settles above $50
HOUSTON, August 18, 2016 (PCW) -- September NYMEX crude futures settled up $1.43/bbl to $48.22/bbl. October Brent at the close of the NYMEX increased $1.19/bbl to $50.93/bbl.
The September Brent/WTI spread narrowed to $2.04/bbl favoring Brent. Prompt natural gas futures were up 5.5 cents at $2.674/mmBtu. September NYMEX RBOB futures closed at $1.4897/gal, up 3.92 cpg.
US Gulf cash gasoline differentials were mostly stronger versus Wednesday’s levels.
A2 CBOB 87 regular was lower at 4.25 cpg under the screen.
CBOB 87 was up at 0.25 cpg over the screen.
D2 CBOB 93 premium was stronger at 10.25 cpg over the screen.
CBOB 93 rose to 14.75 cpg over the screen.
RBOB was higher at 1.50 cpg over the screen.
The 3-2-1 crack in the Gulf Coast was $11.53/bbl, $3.33/bbl under the screen. – John Troland
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