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NYMEX Friday Wrap: Crude closes week with gains; natgas rallies
HOUSTON, June 17, 2016 (PCW) —- July NYMEX crude futures settled up $1.77/bbl to $47.98/bbl. August Brent at the close of the NYMEX increased $1.94/bbl to $49.11/bbl.
The August Brent/WTI spread narrowed to $0.055/bbl favoring Brent. Prompt natural gas futures were up 4.3 cents at $2.623/mmBtu. July NYMEX RBOB futures closed at $1.5053/gal, up 4.00 cpg.
US Gulf cash gasoline differentials were stronger versus Thursday’s levels.
A2 CBOB 87 regular was higher at 13.25 cpg under the screen.
CBOB 87 was up at 8.50 cpg under the screen.
D2 CBOB 93 premium was stronger at 5.00 cpg over the screen.
CBOB 93 rose to 9.75 cpg over the screen.
RBOB was higher at 1.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.75/bbl, $4.16/bbl under the screen. -– John Troland
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