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NYMEX Monday Wrap: Crude opens week with losses; natgas trends lower
Houston, May 23, 2016 (PCW) -— July NYMEX crude futures settled down $0.33/bbl to $48.08/bbl. July Brent at the close of the NYMEX decreased $0.33/bbl to $48.29/bbl.
The July Brent/WTI spread was steady at $0.21/bbl favoring Brent. Prompt natural gas futures were down 0.7 cents at $2.055/mmBtu. June NYMEX RBOB futures closed at $1.6456/gal, up 1 cpg.
US Gulf cash gasoline differentials were mixed versus Friday’s levels.
A2 CBOB 87 regular was higher at 16.50 cpg under the screen.
CBOB 87 was stronger at 12 cpg under the screen.
D2 CBOB 93 premium was lower at 1 cpg under the screen.
CBOB 93 was weaker at 3.50 cpg over the screen.
RBOB was up at 11 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $14.14/bbl, $5.19/bbl under the screen. –- John Troland
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