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NYMEX Tuesday Wrap: Crude sees significant decline; nat gas almost flat
HOUSTON, September 27, 2016 (PCW) — November NYMEX crude futures settled down $1.26/bbl to $44.67/bbl. November Brent at the close of the NYMEX decreased $1.27/bbl to $45.99/bbl.
The November Brent/WTI spread narrowed to $1.32/bbl favoring Brent. Prompt natural gas futures were down 0.1 cents at $2.996/mmBtu. October NYMEX RBOB futures closed at $1.3937/gal, down 0.87 cpg.
US Gulf cash gasoline differentials were stronger versus Monday’s levels.
A3 CBOB 87 regular was higher at 0.75 cpg over the screen.
CBOB 87 was up at 0.25 cpg under the screen.
D3 CBOB 93 premium was stronger at 18.25 cpg over the screen.
CBOB 93 rose to 17.25 cpg over the screen.
RBOB was higher at 0.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $13.30/bbl, $0.99 /bbl under the screen. – John Troland