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NYMEX Thursday Wrap: Crude reverses course; natgas maintains upward momentum
HOUSTON, June 2, 2016 (PCW) -- July NYMEX crude futures settled up $0.16/bbl to $49.17/bbl. August Brent at the close of the NYMEX increased $0.37/bbl to $50.09/bbl.
The August Brent/WTI spread widened to $0.43/bbl favoring Brent. Prompt natural gas futures were up 2.4 cents at $2.405/mmBtu. July NYMEX RBOB futures closed at $1.6346/gal, up 1.93 cpg.
US Gulf cash gasoline differentials were stronger versus Wednesday’s levels.
A2 CBOB 87 regular was higher at 9.25 cpg under the screen.
CBOB 87 was up at 5.00 cpg under the screen.
D2 CBOB 93 premium rose to 9.50 cpg over the screen.
CBOB 93 was stronger at 14.00 cpg over the screen.
RBOB was higher at 3.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $14.69/bbl, $3.03/bbl under the screen. -- John Troland
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