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NYMEX Wednesday Wrap: Crude continues freefall; gasoline rallies
Houston, February 10, 2016 (PCW) —- March NYMEX crude futures settled down $0.49/bbl to $27.45/bbl. April Brent at the close of the NYMEX increased $0.30 to $30.78/bbl.
The April Brent/WTI spread widened to $1.12/bbl favoring Brent. Prompt natural gas futures were down 5.2 cents at $2.046/mmBtu. March NYMEX RBOB futures closed at $0.9425/gal, up 4.36 cpg.
US Gulf cash gasoline differentials ended stronger versus Tuesday’s levels.
A4 CBOB 87 regular was higher at 13.75 cpg under the screen.
CBOB 87 was up at 13.75 cpg under the screen.
D4 CBOB 93 premium rose to 12 cpg over the screen.
CBOB 93 increased to 12 cpg over the screen.
RBOB was higher at 11.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $9.72/bbl, $2.87/bbl under the screen. – John Troland
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