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NYMEX Friday Wrap: Crude closes week with mild gains; natgas climbs
HOUSTON, July 1, 2016 (PCW) —- August NYMEX crude futures settled up $0.66/bbl to $48.99/bbl. September Brent at the close of the NYMEX increased $0.66/bbl to $50.37/bbl.
The September Brent/WTI spread widened to $0.72/bbl favoring Brent. Prompt natural gas futures were up 6.3 cents at $2.987/mmBtu. August NYMEX RBOB futures closed at $1.5135/gal, up 1.22 cpg.
US Gulf cash gasoline differentials were weaker versus Thursday’s levels.
A2 CBOB 87 regular was lower at 11.75 cpg under the screen.
CBOB 87 was down at 7.50 cpg under the screen.
D2 CBOB 93 premium was softer at 6.25 cpg over the screen.
CBOB 93 was weaker at 10.75 cpg over the screen.
RBOB fell to 1.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.69/bbl, $3.86/bbl under the screen. – John Troland
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