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NYMEX Tuesday Wrap: Crude extends losses; nat gas sees mild rally
HOUSTON, July 19, 2016 (PCW) -— August NYMEX crude futures settled down $0.59/bbl to $44.65/bbl. September Brent at the close of the NYMEX decreased $0.29/bbl to $46.68/bbl.
The September Brent/WTI spread widened to $1.23/bbl favoring Brent. Prompt natural gas futures were up 0.6 cents at $2.728/mmBtu. August NYMEX RBOB futures closed at $1.3757/gal, down 1.09 cpg.
US Gulf cash gasoline differentials were mixed versus Monday’s levels.
A2 CBOB 87 regular was steady at 8.25 cpg under the screen.
CBOB 87 was higher at 3.50 cpg under the screen.
D2 CBOB 93 premium was stronger at 7.25 cpg over the screen.
CBOB 93 was up at 12.00 cpg over the screen.
RBOB was lower at 2.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $8879/bbl, $4.38/bbl under the screen. – John Troland.
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