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NYMEX Friday Wrap: Crude, gasoline close week with steep losses
HOUSTON, September 9, 2016 (PCW) — October NYMEX crude futures settled down $1.74/bbl to $45.88/bbl. November Brent at the close of the NYMEX decreased $1.91/bbl to $48.07/bbl.
The November Brent/WTI spread narrowed to $1.61/bbl favoring Brent. Prompt natural gas futures were down 0.9 cents at $2.797/mmBtu. October NYMEX RBOB futures closed at $1.3611/gal, down 5.54 cpg.
US Gulf cash gasoline differentials were weaker versus Thursday’s levels.
A3 CBOB 87 regular was softer at 3.00 cpg under the screen.
CBOB 87 was weaker at 3.25 cpg under the screen.
D3 CBOB 93 premium was down at 12.00 cpg over the screen.
CBOB 93 fell to 11.75 cpg over the screen.
RBOB was lower at 2.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.03/bbl, $2.23/bbl under the screen. – John Troland