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NYMEX Wednesday Wrap: Crude oil plunges to lowest level since mid-November
HOUSTON, June 14, 2017 (PCW) — July NYMEX crude futures settled down $1.73/bbl to $44.73/bbl. It was the lowest close for a front month since November 14. August Brent at the close of the NYMEX decreased $1.74/bbl at $48.72/bbl. The August Brent/WTI spread was steady at $2.05/bbl favoring Brent.
Prompt natural gas futures were down 3.3 cents at $2.933 mmBtu. July NYMEX RBOB futures closed at $1.4327/gal, down 6.68 cpg.
July gasoline differentials were mixed versus Tuesday’s levels.
2 CBOB 87 regular was steady at 11.50 cpg under the screen.
BOB 87 was lower at 8.50 cpg under the screen.
2 CBOB 93 premium was higher at 1.00 cpg over the screen.
BOB 93 was steady at 4.00 cpg over the screen.
BOB was lower at 3.75 cpg under the screen.
he 3-2-1 crack in the Gulf Coast was $9.63/bbl, $5.54/bbl under the screen. – John Troland