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NYMEX Wednesday Wrap: Crude, nat gas stage strong recovery
HOUSTON, August 3, 2016 (PCW) —- September NYMEX crude futures settled up $1.32/bbl to $40.83/bbl. October Brent at the close of the NYMEX increased $1.28/bbl to $43.07/bbl.
The September Brent/WTI spread was steady at $1.49/bbl favoring Brent. Prompt natural gas futures were up 10.6 cents at $2.839/mmBtu. September NYMEX RBOB futures closed at $1.3499/gal, up 3.83 cpg.
US Gulf cash gasoline differentials were weaker versus Tuesday’s levels.
A2 CBOB 87 regular was lower at 3.25 cpg under the screen.
CBOB 87 was softer at 0.50 cpg over the screen.
D2 CBOB 93 premium was down at 6.75 cpg over the screen.
CBOB 93 was weaker at 10.50 cpg over the screen.
RBOB fell to 3.00 cpg over the screen.
The 3-2-1 crack in the Gulf Coast was $11.94/bbl, $3.05/bbl under the screen. – John Troland
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