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NYMEX Wednesday Wrap: Crude, nat gas stage slight rally
HOUSTON, July 6, 2016 (PCW) -— August NYMEX crude futures settled up $0.83/bbl to $47.43/bbl. September Brent at the close of the NYMEX increased $0.81/bbl to $48.72/bbl.
The September Brent/WTI spread narrowed to $0.58/bbl favoring Brent. Prompt natural gas futures were up 2.2 cents at $2.786/mmBtu. August NYMEX RBOB futures closed at $1.4329/gal, up 0.42 cpg.
US Gulf cash gasoline differentials were stronger versus Tuesday’s levels.
A2 CBOB 87 regular was higher at 8.75 cpg under the screen.
CBOB 87 was stronger at 4.50 cpg under the screen.
D2 CBOB 93 premium was up at 9.50 cpg over the screen.
CBOB 93 rose to 13.75 cpg over the screen.
RBOB increased to 0.50 cpg over the screen.
The 3-2-1 crack in the Gulf Coast was $10.28/bbl, $3.01/bbl under the screen. -– John Troland
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