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NYMEX Friday Wrap: Crude surges, WTI remains below $30/bbl
Houston, February 12, 2016 (PCW) — March NYMEX crude futures settled up $3.23/bbl to $29.44/bbl. April Brent at the close of the NYMEX increased $2.78 to $32.88/bbl.
The April Brent/WTI spread narrowed to $0.97/bbl favoring Brent. Prompt natural gas futures were down 2.8 cents at $1.966/mmBtu. March NYMEX RBOB futures closed at $1.0432/gal, up 10.15 cpg.
US Gulf cash gasoline differentials ended mixed versus Thursday’s levels.
A4 CBOB 87 regular was higher at 9.75 cpg under the screen.
CBOB 87 was up at 9.75 cpg under the screen.
D4 CBOB 93 premium fell to 11.75 cpg over the screen.
CBOB 93 decreased to 11.75 cpg over the screen.
RBOB was higher at 9.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $12.93/bbl, $1.81/bbl under the screen. – John Troland
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