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NYMEX Monday Wrap: Crude, gasoline open week with gains; nat gas softens
HOUSTON, July 9, 2018 (PCW) — August NYMEX crude futures settled up $0.05 at $73.85/bbl. September Brent at the close of the NYMEX increased $0.93/bbl at $78.09 bbl.
The September Brent/WTI spread widened to $6.11 bbl favoring Brent. Prompt natural gas futures were down 3.0 cents at $2.828 mmBtu. August NYMEX RBOB futures closed at $2.1485 gal, up 4.00 cpg.
August gasoline differentials were stronger versus Friday’s levels.
A2 CBOB 87 regular was higher at 11.00 cpg under the screen.
CBOB 87 was up at 5.75 cpg under the screen.
D2 CBOB 93 premium was stronger at 5.00 cpg over the screen.
CBOB 93 was up at 11.75 over the screen.
RBOB rose to 1.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $12.30 bbl, $4.75 /bbl under the screen. – John Troland