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NYMEX Tuesday Wrap: Crude opens week with gains; nat gas, gasoline collapse
HOUSTON, February 21, 2017 (PCW) — March NYMEX crude futures settled up $0.66/bbl to $54.06/bbl. April Brent at the close of the NYMEX increased $0.75/bbl to $56.57/bbl.
The April Brent/WTI spread widened to $2.24/bbl favoring Brent. Prompt natural gas futures were down 27 cents at $2.564/mmBtu. March NYMEX RBOB futures closed at $1.4940/gal, down 2.26 cpg.
February gasoline differentials were stronger versus Friday’s levels.
A3 CBOB 87 regular was up at 1.25 cpg under the screen.
CBOB 87 was stronger at 1.00 cpg under the screen.
D3 CBOB 93 premium was higher at 11.75 cpg over the screen.
CBOB 93 rose to 12.00 cpg over the screen.
RBOB was higher at 1.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $8.62/bbl, $2.15/bbl under the screen. – John Troland