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NYMEX Tuesday Wrap: Crude sees strong rally; cash gasoline diffs mixed
HOUSTON, July 12, 2016 (PCW) —- August NYMEX crude futures settled up $2.04/bbl to $46.80/bbl. September Brent at the close of the NYMEX increased $2.11/bbl to $48.36/bbl.
The September Brent/WTI spread widened to $0.79/bbl favoring Brent. Prompt natural gas futures were up 3.2 cents at $2.734/mmBtu. August NYMEX RBOB futures closed at $1.4301/gal, up 4.66 cpg.
US Gulf cash gasoline differentials were mixed versus Monday’s levels.
A2 CBOB 87 regular was higher at 8.75 cpg under the screen.
CBOB 87 was stronger at 2.75 cpg under the screen.
D2 CBOB 93 premium was lower at 6.25 cpg over the screen.
CBOB 93 was softer at 12.25 cpg over the screen.
RBOB was steady at 1.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $9.53/bbl, $4.20/bbl under the screen. – John Troland
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