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NYMEX Tuesday Wrap: Oil drops below $50, nat gas declines
HOUSTON, September 19 2017 (PCW) — October NYMEX crude futures settled down $0.43/bbl at $49.89/bbl. November Brent at the close of the NYMEX decreased $0.42/bbl at $55.06/bbl. The November Brent/WTI spread widened $5.16/bbl favoring Brent.
Prompt natural gas futures were down 2.4 cents at $ 3.122 mmBtu. October NYMEX RBOB futures closed at $1.6550 gal, down 1.36 cpg.
October gasoline differentials were lower versus Monday’s levels.
A3 CBOB 87 regular was lower at 2.00 cpg under the screen.
CBOB 87 was down at 2.00 cpg under the screen.
D3 CBOB 93 premium was lower at 16.25 cpg over the screen.
CBOB 93 was down at 6.75 over the screen.
RBOB was lower at 2.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $16.11 bbl, $5.57/bbl under the screen. – John Troland