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NYMEX Wednesday Wrap: Crude, nat gas give up ground; gasoline soars
HOUSTON, August 30, 2017 (PCW) — October NYMEX crude futures settled down $0.48/bbl to $45.96/bbl. October Brent at the close of the NYMEX decreased $01.14/bbl to $50.86/bbl.
The October Brent/WTI spread narrowed to $4.90/bbl favoring Brent. Prompt natural gas futures were down 4.4 cents at $ 2.939/mmBtu.
September NYMEX RBOB futures closed at $1.8847/gal, up 10.14 cpg. September gasoline differentials were stronger versus Tuesday’s levels.
A2 CBOB 87 regular was up at 3.0 cpg over the screen.
CBOB 87 was higher at 6.0 cpg over the screen.
D2 CBOB 93 premium was stronger at 18 cpg over the screen.
CBOB 93 rose to 21.50 over the screen.
RBOB was weakened to 13.00 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $27.02/bbl, $3.31/bbl under the screen. – John Troland