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NYMEX Wednesday Wrap: Crude, gasoline extend gains; nat gas stumbles
HOUSTON, July 26 2017 (PCW) — September NYMEX crude futures settled up $0.86/bbl to $48.75/bbl. September Brent at the close of the NYMEX increased $0.86/bbl at $50.97/bbl.
The September Brent/WTI spread was steady at $2.22/bbl favoring Brent. Prompt natural gas futures were down 2.0 cents at $ 2.924 mmBtu. August NYMEX RBOB futures closed at $1.6173/gal, up 2.11 cpg.
August gasoline differentials were mostly weaker versus Tuesday’s levels.
2 CBOB 87 regular was lower at 11.75 cpg under the screen.
BOB 87 was down at 5.25 cpg under the screen.
2 CBOB 93 premium was softer at 7.00 cpg over the screen.
BOB 93 fell to 12.00 cpg over the screen.
BOB was stronger at 3.00 cpg under the screen.
he 3-2-1 crack in the Gulf Coast was $13.89 bbl, $5.13/bbl under the screen. – John Troland