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NYMEX Wednesday Wrap: Crude extends slide; natgas reverses course, drops
HOUSTON, June 15, 2016 (PCW) —- July NYMEX crude futures settled down $0.48/bbl to $48.01/bbl. August Brent at the close of the NYMEX decreased $0.77/bbl to $49.05/bbl.
The August Brent/WTI spread narrowed to $0.055/bbl favoring Brent. Prompt natural gas futures were down 0.9 cents at $2.595/mmBtu. July NYMEX RBOB futures closed at $1.5014/gal, down 1.99 cpg.
US Gulf cash gasoline differentials were mixed versus Tuesday’s levels.
A2 CBOB 87 regular was stronger at 12.00 cpg under the screen.
CBOB 87 was lower at 9.75 cpg under the screen.
D2 CBOB 93 premium was up at 6.25 cpg over the screen.
CBOB 93 was weaker at 9.75 cpg over the screen.
RBOB was down at 1.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.89/bbl, $3.83/bbl under the screen. –- John Troland
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