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NYMEX Friday Wrap: Crude closes week with slight gains; natgas rallies
HOUSTON, July 8, 2016 (PCW) —- August NYMEX crude futures settled up $0.27/bbl to $45.41/bbl. September Brent at the close of the NYMEX increased $0.26/bbl to $46.70/bbl.
The September Brent/WTI spread narrowed to $0.58/bbl favoring Brent. Prompt natural gas futures were up 2.4 cents at $2.801/mmBtu. August NYMEX RBOB futures closed at $1.3708/gal, up 0.77 cpg.
US Gulf cash gasoline differentials were stronger versus Thursday’s levels.
A2 CBOB 87 regular was higher at 9.50 cpg under the screen.
CBOB 87 was up at 3.00 cpg under the screen.
D2 CBOB 93 premium rose to 8.75 cpg over the screen.
CBOB 93 was stronger at 15.25 cpg over the screen.
RBOB was higher at 1.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $8.80/bbl, $3.94/bbl under the screen. –- John Troland
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