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NYMEX Monday Wrap: Crude opens week with steep losses; nat gas also falters
HOUSTON, July 25, 2016 (PCW) -— September NYMEX crude futures settled down $1.06/bbl to $43.13/bbl. September Brent at the close of the NYMEX decreased $0.97/bbl to $44.69/bbl.
The September Brent/WTI spread widened to $1.56/bbl favoring Brent. Prompt natural gas futures were down 3.0 cents at $2.747/mmBtu. August NYMEX RBOB futures closed at $1.3336/gal, down 2.79 cpg.
US Gulf cash gasoline differentials were stronger versus Friday’s levels.
A2 CBOB 87 regular was up at 6.00 cpg under the screen.
CBOB 87 was higher at 1.75 cpg under the screen.
D2 CBOB 93 premium was stronger at 6.25 cpg over the screen.
CBOB 93 rose to 10.25 cpg over the screen.
RBOB was higher at 0.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $9.75/bbl, $3.68/bbl under the screen. – John Troland
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