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NYMEX Monday Wrap: Crude opens week with gains; natgas surges
HOUSTON, June 20 2016 (PCW) —- July NYMEX crude futures settled up $1.39/bbl to $49.37/bbl. August Brent at the close of the NYMEX increased $1.46/bbl to $50.57/bbl.
The August Brent/WTI spread narrowed to $0.061/bbl favoring Brent. Prompt natural gas futures were up 12.4 cents at $2.747/mmBtu. July NYMEX RBOB futures closed at $1.5827/gal, up 7.74 cpg.
US Gulf cash gasoline differentials were steady to weaker versus Friday’s levels.
A2 CBOB 87 regular was steady at 13.25 cpg under the screen.
CBOB 87 was lower at 9.00 cpg under the screen.
D2 CBOB 93 premium was unchanged at 5.00 cpg over the screen.
CBOB 93 was down at 9.25 cpg over the screen.
RBOB was softer at 2.00 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $12.17/bbl, $4.16/bbl under the screen. –- John Troland
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