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NYMEX Wednesday Wrap: Crude rallies, nat gas probes lower
HOUSTON, September 7, 2016 (PCW) -- October NYMEX crude futures settled up $0.67/bbl to $45.50/bbl. November Brent at the close of the NYMEX increased $0.67/bbl to $47.98/bbl.
The November Brent/WTI spread was steady at $1.85/bbl favoring Brent. Prompt natural gas futures were down 4.1 cents at $2.717/mmBtu. October NYMEX RBOB futures closed at $1.3464/gal, up 3.00 cpg.
US Gulf cash gasoline differentials were mixed versus Tuesday’s levels.
A3 CBOB 87 regular was stronger at 4.00 cpg under the screen.
CBOB 87 was weaker at 3.75 cpg under the screen.
D3 CBOB 93 premium was higher at 11.00 cpg over the screen.
CBOB 93 was steady at 11.25 cpg over the screen.
RBOB was up at 3.00 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $8.96/bbl, $3.21/bbl under the screen. -- John Troland