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NYMEX Monday Wrap: Crude, nat gas open week with losses
HOUSTON, July 18, 2016 (PCW) —- August NYMEX crude futures settled down $0.71/bbl to $45.24/bbl. September Brent at the close of the NYMEX decreased $0.66/bbl to $46.97/bbl.
The September Brent/WTI spread widened to $1.03/bbl favoring Brent. Prompt natural gas futures were down 3.4 cents at $2.722/mmBtu. August NYMEX RBOB futures closed at $1.3872/gal, down 3.48 cpg.
US Gulf cash gasoline differentials were mostly stronger versus Friday’s levels.
A2 CBOB 87 regular was higher at 8.25 cpg under the screen.
CBOB 87 was up at 4.00 cpg under the screen.
D2 CBOB 93 premium rose to 7.00 cpg over the screen.
CBOB 93 was stronger at 11.75 cpg over the screen.
RBOB was steady at 2.00 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $8.69/bbl, $4.20/bbl under the screen. – John Troland
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