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NYMEX Monday Wrap: Oil plunges almost $3, RBOB drops 10 cpg
HOUSTON, July 16, 2018 (PCW) — August NYMEX crude futures settled down $2.95 at $68.06/bbl. September Brent at the close of the NYMEX decreased $3.22/bbl at $72.13 bbl. The September Brent/WTI spread narrowed to $5.06 bbl favoring Brent.
Prompt natural gas futures were up 0.7 cents at $2.759 mmBtu. August NYMEX RBOB futures closed at $2.0022 gal, down 10.45 cpg.
August gasoline differentials were steady to higher versus Friday’s level.
A2 CBOB 87 regular was higher at 9.75 cpg under the screen.
CBOB 87 was up at 5.25 cpg under the screen.
D2 CBOB 93 premium was steady at 6.25 cpg over the screen.
CBOB 93 was up at 13.25 over the screen.
RBOB was steady at 0.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $12.26 bbl, $4.50 /bbl under the screen. – John Troland