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NYMEX Monday Wrap: Crude opens week with losses; nat gas sees steep decline
HOUSTON, July 11, 2016 (PCW) —- August NYMEX crude futures settled down $0.65/bbl to $44.76/bbl. September Brent at the close of the NYMEX decreased $0.48/bbl to $46.22/bbl.
The September Brent/WTI spread widened to $0.70/bbl favoring Brent. Prompt natural gas futures were down 9.9 cents at $2.702/mmBtu. August NYMEX RBOB futures closed at $1.3835/gal, up 1.27 cpg.
US Gulf cash gasoline differentials were mixed versus Friday’s levels.
A2 CBOB 87 regular was stronger at 9.00 cpg under the screen.
CBOB 87 was steady at 3.00 cpg under the screen.
D2 CBOB 93 premium was weaker at 7.75 cpg over the screen.
CBOB 93 was lower at 12.50 cpg over the screen.
RBOB was down at 1.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $9.66/bbl, $4.15/bbl under the screen. -– John Troland
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