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NYMEX Monday Wrap: Oil rises back above $70, RBOB drops

HOUSTON, July 30, 2018 (PCW) — September NYMEX crude futures settled up $1.44 at $70.13/bbl. September Brent at the close of the NYMEX increased $0.68/bbl at $74.99 bbl. The September Brent/WTI spread narrowed to $4.86 bbl favoring Brent.

Prompt natural gas futures were up 1.5 cents at $2.797 mmBtu. August NYMEX RBOB futures closed at $2.1603 gal, down 0.16 cpg.

August gasoline differentials were mixedr versus Friday’s level.

The 3-2-1 crack spread in the Gulf Coast was $13.73 bbl, $5.02 /bbl under the screen. – John Troland

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