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NYMEX Monday Wrap: Crude, gasoline open week with gains; nat gas plummets
HOUSTON, July 31 2017 (PCW) — September NYMEX crude futures settled up $0.46/bbl to $50.17/bbl. September Brent at the close of the NYMEX increased $0.20/bbl at $52.65/bbl.
The September Brent/WTI spread narrowed $2.48/bbl favoring Brent. Prompt natural gas futures were down 14.7 cents at $ 2.794 mmBtu. August NYMEX RBOB futures closed at $1.7058/gal, up 2.97 cpg.
August gasoline differentials were weaker versus Friday’s levels.
A2 CBOB 87 regular was softer at 13.25 cpg under the screen.
BOB 87 was down at 8.50 cpg under the screen.
2 CBOB 93 premium was lower at 5.50 cpg over the screen.
BOB 93 fell to 10.25 cpg over the screen.
BOB was lower at 4.25 cpg under the screen.
he 3-2-1 crack in the Gulf Coast was $15.14 bbl, $5.58/bbl under the screen. – John Troland