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NYMEX Monday Wrap: Crude opens week with losses; natgas rises on utility demand
HOUSTON, June 27, 2016 (PCW) —- August NYMEX crude futures settled down $1.31/bbl to $46.33/bbl. August Brent at the close of the NYMEX decreased $1.51/bbl to $47.12/bbl.
The August Brent/WTI spread narrowed to $0.79/bbl favoring Brent. Prompt natural gas futures were up 5.4 cents at $2.716/mmBtu. July NYMEX RBOB futures closed at $1.4767/gal, down 4.83 cpg.
US Gulf cash gasoline differentials were mixed versus Friday’s levels.
A2 CBOB 87 regular was higher at 12.75 cpg under the screen.
CBOB 87 was up at 8.50 cpg under the screen.
D2 CBOB 93 premium was lower at 5.00 cpg over the screen.
CBOB 93 was steady at 9.25 cpg over the screen.
RBOB was stronger at 1.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.76/bbl, $4.04/bbl under the screen. -– John Troland
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