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NYMEX Monday Wrap: Crude, natural gas open week with steep losses
HOUSTON, August 1, 2016 (PCW) —- September NYMEX crude futures settled down $1.54/bbl to $40.06/bbl. October Brent at the close of the NYMEX decreased $1.11/bbl to $42.11/bbl.
The September Brent/WTI spread widened to $1.27/bbl favoring Brent. Prompt natural gas futures were down 10.5 cents at $2.771/mmBtu. September NYMEX RBOB futures closed at $1.3036/gal, down 1.58 cpg.
US Gulf cash gasoline differentials were stronger versus Friday’s levels.
A2 CBOB 87 regular was higher at 4.25 cpg under the screen.
CBOB 87 was up at 0.25 cpg under the screen.
D2 CBOB 93 premium was stronger at 8.75 cpg over the screen.
CBOB 93 rose to 12.75 cpg over the screen.
RBOB was higher at 1.00 cpg over the screen.
The 3-2-1 crack in the Gulf Coast was $10.95/bbl, $3.10/bbl under the screen. – John Troland
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