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NYMEX Friday Wrap: Crude closes week with slight gains; nat gas also stronger
HOUSTON, August 26, 2016 (PCW) — October NYMEX crude futures settled up $0.31/bbl to $47.64/bbl. October Brent at the close of the NYMEX increased $0.16/bbl to $49.85/bbl.
The October Brent/WTI spread narrowed to $2.20/bbl favoring Brent. Prompt natural gas futures were up 3.5 cents at $2.871/mmBtu. September NYMEX RBOB futures closed at $1.5129/gal, up 0.15 cpg.
US Gulf cash gasoline differentials were mostly stronger versus Thursday’s levels.
A2 CBOB 87 regular was steady at 0.25 cpg over the screen.
CBOB 87 was up at 3.25 cpg over the screen.
D2 CBOB 93 premium was stronger at 16.00 cpg over the screen.
CBOB 93 was higher at 18.75 cpg over the screen.
RBOB rose to 6.00 cpg over the screen.
The 3-2-1 crack in the Gulf Coast was $14.26/bbl, $1.82/bbl under the screen. – John Troland