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NYMEX Wednesday Wrap: Crude sees steep decline, nat gas extends gains
HOUSTON, August 24, 2016 (PCW) -- October NYMEX crude futures settled down $1.33/bbl to $46.77/bbl. October Brent at the close of the NYMEX decreased $0.85/bbl to $49.13/bbl.
The October Brent/WTI spread widened to $2.36/bbl favoring Brent. Prompt natural gas futures were up 3.5 cents at $2.796/mmBtu. September NYMEX RBOB futures closed at $1.5096 pg, up 1.08 cpg.
US Gulf cash gasoline differentials were stronger versus Tuesday’s levels.
A2 CBOB 87 regular was up at 1.75 cpg over the screen.
CBOB 87 was stronger at 4.75 cpg over the screen.
D2 CBOB 93 premium was higher at 12.00 cpg over the screen.
CBOB 93 rose to 14.75 cpg over the screen.
RBOB was higher at 9.00 cpg over the screen.
The 3-2-1 crack in the Gulf Coast was $15.04/bbl, $1.81/bbl under the screen. – John Troland.