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NYMEX Thursday Wrap: Crude steady; nat gas falters
HOUSTON, July 12, 2018 (PCW) — August NYMEX crude futures settled down $0.05 at $70.33/bbl. September Brent at the close of the NYMEX increased $5.96/bbl at $74.36 bbl.
The September Brent/WTI spread widened to $5.01 bbl favoring Brent. Prompt natural gas futures were down 3.2 cents at $2.797 mmBtu. August NYMEX RBOB futures closed at $2.0717 gal, up 1.03 cpg.
August gasoline differentials were mostly stronger versus Wednesday’s level.
A2 CBOB 87 regular was higher at 10.00 cpg under the screen.
CBOB 87 was up at 4.25 cpg under the screen.
D2 CBOB 93 premium was stronger at 6.25 cpg over the screen.
CBOB 93 rose to 12.00 over the screen.
RBOB was steady at 1.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $12.87 bbl, $4.53 /bbl under the screen. – John Troland