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NYMEX Thursday Wrap: Crude continues to inch up; nat gas falls below $3
HOUSTON, September 22 2016 (PCW) — November NYMEX crude futures settled up $0.98/bbl to $46.32/bbl. November Brent at the close of the NYMEX increased $0.52/bbl to $47.45/bbl.
The November Brent/WTI spread narrowed to $1.13/bbl favoring Brent. Prompt natural gas futures were down 6.7 cents at $2.990/mmBtu. October NYMEX RBOB futures closed at $1.4018/gal, up 0.28 cpg.
US Gulf cash gasoline differentials were stronger versus Wednesday’s levels.
A3 CBOB 87 regular was higher at 1.75 cpg under the screen.
CBOB 87 was up at flat to the screen.
D3 CBOB 93 premium was stronger at 15.25 cpg over the screen.
CBOB 93 rose to 17.00 cpg over the screen.
RBOB was higher at 1.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.38/bbl, $1.91/bbl under the screen. – John Troland