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NYMEX Wednesday Wrap: Crude gains; natgas falls as Aug takes prompt position
HOUSTON, June 29, 2016 (PCW) —- August NYMEX crude futures settled up $2.03/bbl to $49.88/bbl. August Brent at the close of the NYMEX increased $1.90/bbl to $50.48/bbl.
The August Brent/WTI spread narrowed to $0.60/bbl favoring Brent. Prompt natural gas futures were down 2.7 cents at $2.863/mmBtu. July NYMEX RBOB futures closed at $1.5248/gal, up 1.48 cpg.
US Gulf cash gasoline differentials were mostly stronger versus Tuesday’s levels.
A2 CBOB 87 regular was higher at 12.25 cpg under the screen.
CBOB 87 was up at 8.00 cpg under the screen.
D2 CBOB 93 premium was stronger at 6.00 cpg over the screen.
CBOB 93 rose to 10.25 cpg over the screen.
RBOB was steady at 1.00 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.19/bbl, $3.99/bbl under the screen. –- John Troland
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