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NYMEX Thursday Wrap: Oil jumps more than $2, natgas also climbs
HOUSTON, September 8 2016 (PCW) — October NYMEX crude futures settled up $2.12/BBL, to $47.62. November Brent at the close of the NYMEX increased $2.00 to $49.98. The November Brent/WTI spread narrowed to $1.72/bbl favoring Brent.
Prompt natural gas futures were up 13.0 cents at $2.806/mmBtu. October NYMEX RBOB futures closed at $1.4165 pg, up 7.01 cpg.
US Gulf cash gasoline differentials were higher versus Wednesday’s levels.
A3 CBOB 87 regular was higher at 2.50 cpg under the screen.
CBOB 87 was higher at 2.75 cpg under the screen.
D3 CBOB 93 premium was higher at 12.50 cpg over the screen.
CBOB 93 was higher at 12.25 cpg over the screen.
RBOB was higher at 1.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $9.85/bbl, $2.94/bbl under the screen. – John Troland.