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NGLs Week

NGLs Week Newsletter  

NGLs Week is PetroChem Wire's comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.

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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.

he 3-2-1 crack in the Gulf Coast was $11.20/bbl, $5.07/bbl under the screen. – John Troland

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