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NYMEX Wednesday Wrap: Crude continues to fall; natgas surges
HOUSTON, June 1, 2016 (PCW) —- July NYMEX crude futures settled down $0.09/bbl to $49.01/bbl. August Brent at the close of the NYMEX decreased $0.17/bbl to $49.72/bbl.
The August Brent/WTI spread narrowed to $0.023/bbl favoring Brent. Prompt natural gas futures were up 9.3 cents at $2.381/mmBtu. July NYMEX RBOB futures closed at $1.6153/gal, up 0.19 cpg.
US Gulf cash gasoline differentials were mostly stronger versus Tuesday’s levels.
A2 CBOB 87 regular was up at 11.50 cpg under the screen.
CBOB 87 was higher at 6.00 cpg under the screen.
D2 CBOB 93 premium was stronger at 8.00 cpg over the screen.
CBOB 93 rose to 13.00 cpg over the screen.
RBOB was steady at 4.00 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $13.63/bbl, $3.57/bbl under the screen. –- John Troland
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