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NYMEX Friday Wrap: Oil drops more than $1, natgas also falls
Houston, February 19, 2016 (PCW) -- March NYMEX crude futures settled down $1.13/BBL, to $29.64. April Brent at the close of the NYMEX decreased $0.81 to $33.26.
The April Brent/WTI spread widened to $1.51/bbl favoring Brent. Prompt natural gas futures were down 4.8 cents at $1.804/mmBtu. March NYMEX RBOB futures closed at $0.9594 pg, down 1.30cpg.
US Gulf cash gasoline differentials ended mostly higher versus Thursday’s levels.
A3 CBOB 87 regular was higher at 9.00 cpg under the screen.
CBOB 87 was up at 11.50 cpg under the screen.
D3 CBOB 93 premium rose to 14.25 cpg over the screen.
CBOB 93 increased to 11.75 cpg over the screen.
RBOB was steady at 11.00 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $9.80/bbl, $1.78/bbl under the screen. – John Troland.
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