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NYMEX Monday Wrap: Crude, gasoline open week with gains; nat gas retreats
HOUSTON, July 3, 2017 (PCW) — August NYMEX crude futures settled up $1.03/bbl to $47.07/bbl. September Brent at the close of the NYMEX increased $0.96/bbl at $49.73/bbl.
The September Brent/WTI spread narrowed to $2.44/bbl favoring Brent. Prompt natural gas futures were down 8.4 cents at $ 2.951 mmBtu. August NYMEX RBOB futures closed at $1.5348/gal, up 2.11 cpg.
August gasoline differentials were stronger versus Friday’s levels.
2 CBOB 87 regular was higher at 10.50 cpg under the screen.
BOB 87 was up at 6.75 cpg under the screen.
2 CBOB 93 premium was stronger at 5.25 cpg over the screen.
BOB 93 was up at 9.00 cpg over the screen.
BOB rose to 3.00 cpg under the screen.
he 3-2-1 crack in the Gulf Coast was $12.001bbl, $5.07/bbl under the screen. – John Troland