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NYMEX Tuesday Wrap: Crude kicks off week with loss; Gulf cash diffs mixed
Houston, February 16, 2016 (PCW) -— March NYMEX crude futures settled down $0.40/bbl to $29.04/bbl. April Brent at the close of the NYMEX decreased $0.63 to $32.25/bbl.
The April Brent/WTI spread widened to $1.28/bbl favoring Brent. Prompt natural gas futures were down 6.3 cents at $1.903/mmBtu. March NYMEX RBOB futures closed at $0.9709/gal, down 7.23 cpg.
US Gulf cash gasoline differentials ended mixed versus Friday’s levels.
A4 CBOB 87 regular was lower at 10 cpg under the screen.
CBOB 87 was down at 10 cpg under the screen.
D4 CBOB 93 premium rose to 12.25 cpg over the screen.
CBOB 93 increased to 12.25 cpg over the screen.
RBOB was lower at 9.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.74/bbl, $1.78S/bbl under the screen. – John Troland
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