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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.

he 3-2-1 crack in the Gulf Coast was $12.001bbl, $5.07/bbl under the screen. – John Troland

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