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NYMEX Wednesday Wrap: Oil falls to lowest level since August 2016
HOUSTON, June 21, 2017 (PCW) — August NYMEX crude futures settled down $0.98/bbl to $42.53/bbl. It was the lowest close for a front-month contract since August 2016. August Brent at the close of the NYMEX decreased $1.16/bbl at $44.90/bbl.
The August Brent/WTI spread was narrowed to $2.37/bbl favoring Brent. Prompt natural gas futures were down 1.4 cents at $ 2.893 mmBtu.
July NYMEX RBOB futures closed at $1.4105/gal, down 1.35 cpg. July gasoline differentials were lower versus Tuesday’s levels.
2 CBOB 87 regular was lower at 10.00 cpg under the screen.
BOB 87 was down at 6.00 cpg under the screen.
2 CBOB 93 premium was lower at 0.25 cpg under the screen.
BOB 93 was down at 3.75 cpg over the screen.
BOB was lower at 3.25 cpg under the screen.
he 3-2-1 crack in the Gulf Coast was $11.20/bbl, $5.07/bbl under the screen. – John Troland