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NYMEX Friday Wrap: Oil drops more than 50 cts; natgas also down
Houston, June 3, 2016 (PCW) —- July NYMEX crude futures settled down $0.55/BBL, to $48.62. August Brent at the close of the NYMEX decreased $0.39 to $49.70. The August Brent/WTI spread widened to $0.059/bbl favoring Brent.
Prompt natural gas futures were down 0.7 cents at $2.398/mmBtu. July NYMEX RBOB futures closed at $1.6075 pg, down 2.71 cpg.
US Gulf cash gasoline differentials were mostly lower versus Thursday’s levels.
A2 CBOB 87 regular was lower at 11.00 cpg under the screen.
CBOB 87 was lower at 6.50 cpg under the screen.
D2 CBOB 93 premium was lower at 7.75 cpg over the screen.
CBOB 93 was lower at 12.50 cpg over the screen.
RBOB was higher at 2.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $13.72/bbl, $3.50/bbl under the screen. -– John Troland.
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