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NYMEX Wednesday Wrap: Crude softens; nat gas, gasoline see increases
HOUSTON, February 15, 2017 (PCW) — March NYMEX crude futures settled down $0.09/bbl to $53.11/bbl. April Brent at the close of the NYMEX decreased $0.24/bbl to $55.76/bbl.
The April Brent/WTI spread narrowed to $2.16/bbl favoring Brent. Prompt natural gas futures were up 2.0 cents at $2.925/mmBtu. March NYMEX RBOB futures closed at $1.5479/gal, up 0.12 cpg.
February gasoline differentials were weaker versus Tuesday’s levels.
A4 CBOB 87 regular was softer at 6.00 cpg under the screen.
CBOB 87 was lower at 5.75 cpg under the screen.
D4 CBOB 93 premium was weaker at 7.75 cpg over the screen.
CBOB 93 was down at 8.00 cpg over the screen.
RBOB fell to 4.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $9.48/bbl, $3.58/bbl under the screen. – John Troland