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NYMEX Friday Wrap: Crude closes week with mixed results, nat gas rallies
HOUSTON, July 29, 2016 (PCW) —- September NYMEX crude futures settled up $0.46/bbl to $41.60/bbl. September Brent at the close of the NYMEX decreased $0.26/bbl to $42.44/bbl.
The September Brent/WTI spread narrowed to $0.84/bbl favoring Brent. Prompt natural gas futures were up 0.3 cents at $2.876/mmBtu. August NYMEX RBOB futures closed at $1.3210/gal, up 1.48 cpg.
US Gulf cash gasoline differentials were stronger versus Thursday’s levels.
A2 CBOB 87 regular was higher at 5.50 cpg under the screen.
CBOB 87 was up at 1.50 cpg under the screen.
D2 CBOB 93 premium was stronger at 6.50 cpg over the screen.
CBOB 93 rose to 10.50 cpg over the screen.
RBOB was higher at 0.50 cpg over the screen.
The 3-2-1 crack in the Gulf Coast was $10.53/bbl, $3.44/bbl under the screen. – John Troland
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