New York—NYMEX September crude settled $2.10 lower at $98.17/barrel Thursday as bears were focused on a dwindling risk premium amid weak technicals, even as US macroeconomic data points toward a stronger economy. ICE September Brent held firmer, but still fell 49 cents to settle at $106.02/b. This took the front-month Brent/WTI spread out to $7.85/b, widest since closing at $8.43/b on June 24. Products were weaker as well, led by August RBOB, which settled 1.22 cents lower at $2.8311/gal. August ULSD settled down 40 points at $2.8866/gal. Both contracts expired at the end of Thursday trading.
展开▼
