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NYMEX Tuesday Wrap: Crude, gasoline rebound; nat gas sinks
HOUSTON, July 17, 2018 (PCW) — August NYMEX crude futures settled up $0.02 at $68.08/bbl. September Brent at the close of the NYMEX increased $0.24/bbl at $72.37 bbl.
The September Brent/WTI spread widened to $5.15 bbl favoring Brent. Prompt natural gas futures were down 1.9 cents at $2.740 mmBtu. August NYMEX RBOB futures closed at $2.0261 gal, up 2.39 cpg.
August gasoline differentials were mixed versus Monday’s level.
A2 CBOB 87 regular was steady at 9.75 cpg under the screen.
CBOB 87 was stronger at 4.50 cpg under the screen.
D2 CBOB 93 premium was weaker at 4.25 cpg over the screen.
CBOB 93 was down at 9.50 over the screen.
RBOB was softer at 1.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $13.00 bbl, $4.63 /bbl under the screen. – John Troland