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NYMEX Wednesday Wrap: Crude settles down sharply; nat gas sees mild gains
HOUSTON, July 13, 2016 (PCW) —- August NYMEX crude futures settled down $2.05/bbl to $44.75/bbl. September Brent at the close of the NYMEX decreased $2.05/bbl to $46.31/bbl.
The September Brent/WTI spread widened to $0.87/bbl favoring Brent. Prompt natural gas futures were up 0.3 cents at $2.737/mmBtu. August NYMEX RBOB futures closed at $1.3784/gal, down 5.17 cpg.
US Gulf cash gasoline differentials were mixed versus Tuesday’s levels.
A2 CBOB 87 regular was stronger at 8.50 cpg under the screen.
CBOB 87 was weaker at 3.75 cpg under the screen.
D2 CBOB 93 premium was lower at 4.25 cpg over the screen.
CBOB 93 was down at 9.00 cpg over the screen.
RBOB was up at 1.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $8.81/bbl, $4.37/bbl under the screen. -– John Troland
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