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NYMEX Monday Wrap: Crude opens week with losses; gas, gasoline, move up
HOUSTON, July 23, 2018 (PCW) — August NYMEX crude futures settled down $0.37 at $67.89/bbl. September Brent at the close of the NYMEX decreased $0.07/bbl at $72.92 bbl.
The September Brent/WTI spread widened to $5.03 bbl favoring Brent. Prompt natural gas futures were down 3.6 cents at $2.721 mmBtu. August NYMEX RBOB futures closed at $2.0914 gal, up 2.24 cpg.
August gasoline differentials were mixed versus Friday’s level.
A2 CBOB 87 regular was weaker at 11.00 cpg under the screen.
CBOB 87 was down at 5.75 cpg under the screen.
D2 CBOB 93 premium was stronger at 3.75 cpg over the screen.
CBOB 93 was up at 11.25 over the screen.
RBOB was lower at 3.00 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $13.34 bbl, $4.88 /bbl under the screen. – John Troland