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NYMEX Thursday Wrap: Crude resumes climb, natgas ploughs fresh lows
Houston, February 25, 2016 (PCW) -— April NYMEX crude futures settled up $0.92/bbl to $33.07/bbl. April Brent at the close of the NYMEX increased $0.82/bbl to $35.34/bbl.
The April Brent/WTI spread widened to $2.27/bbl favoring Brent. Prompt natural gas futures were down 6.7 cents at $1.711/mmBtu. March NYMEX RBOB futures closed at $1.0560/gal, up 4.56cpg.
US Gulf cash gasoline differentials ended stronger versus Wednesday’s levels.
A3 CBOB 87 regular was higher at 2 cpg under the screen.
CBOB 87 was up at 2 cpg under the screen.
D3 CBOB 93 premium rose to 18.50 cpg over the screen.
CBOB 93 was up at 18.50 cpg over the screen.
RBOB was higher at 1.75 cpg over the screen.
The 3-2-1 crack in the Gulf Coast was $12.92/bbl, $0.06/bbl under the screen. – John Troland
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