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NYMEX Thursday Wrap: Crude, gasoline extended losses; nat gas rallies
HOUSTON, June 8, 2017 (PCW) — July NYMEX crude futures settled down $0.08/bbl to $45.64/bbl. August Brent at the close of the NYMEX decreased $0.15/bbl at $47.93/bbl.
The August Brent/WTI spread narrowed to $2.04/bbl favoring Brent. Prompt natural gas futures were up 0.8 cents at $3.028 mmBtu. July NYMEX RBOB futures closed at $1.4919/gal, up 0.06 cpg.
July gasoline differentials were mostly weaker versus Wednesday’s levels.
2 CBOB 87 regular was softer at 10.75 cpg under the screen.
BOB 87 was lower at 7.00 cpg under the screen.
2 CBOB 93 premium was stronger at 4.00 cpg over the screen.
BOB 93 was weaker at 7.75 cpg over the screen.
BOB was down at 2.50 cpg under the screen.
he 3-2-1 crack in the Gulf Coast was $10.85/bbl, $5.20/bbl under the screen. – John Troland