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NYMEX Monday Wrap: Crude starts week with gains; natgas resumes plummet
Houston, February 29, 2016 (PCW ) -— April NYMEX crude futures settled up $0.97/bbl to $33.75/bbl. April Brent at the close of the NYMEX increased $0.70/bbl to $35.88/bbl.
The April Brent/WTI spread narrowed to $2.13/bbl favoring Brent. Prompt natural gas futures were down 8 cents at $1.711/mmBtu. March NYMEX RBOB futures closed at $1.0497/gal up 3.31cpg.
US Gulf cash gasoline differentials ended stronger versus Friday’s levels.
A3 CBOB 87 regular was higher at 0.50 cpg under the screen.
CBOB 87 was up at 0.50 cpg under the screen.
D3 CBOB 93 premium rose to 20 cpg over the screen.
CBOB 93 was up at 20 cpg over the screen.
RBOB was higher at 4.50 cpg over the screen.
The 3-2-1 crack in the Gulf Coast was $11.92/bbl, $0.34/bbl under the screen. – John Troland
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