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NYMEX Wednesday Wrap: Crude, gasoline continue climb; nat gas drops
HOUSTON, July 18, 2018 (PCW) — August NYMEX crude futures settled up $0.68 at $68.76/bbl. September Brent at the close of the NYMEX increased $0.75/bbl at $73.06 bbl.
The September Brent/WTI spread widened to $5.31 bbl favoring Brent. Prompt natural gas futures were down 1.9 cents at $2.721 mmBtu. August NYMEX RBOB futures closed at $2.0444 gal, up 1.83 cpg.
August gasoline differentials were weaker versus Tuesday’s level.
A2 CBOB 87 regular was softer at 10.00 cpg under the screen.
CBOB 87 was down at 4.75 cpg under the screen.
D2 CBOB 93 premium was lower at 3.75 cpg over the screen.
CBOB 93 fell to 9.00 over the screen.
RBOB was weaker at 1.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $13.05 bbl, $4.70 /bbl under the screen. – John Troland