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NYMEX Tuesday Wrap: Crude, gasoline rally; nat gas reverses course
HOUSTON, April 17, 2018 (PCW) -- May NYMEX crude futures settled up $0.30/bbl at $62.52/bbl. June Brent at the close of the NYMEX increased $0.20/bbl at $71.59/bbl.
The June Brent/WTI spread narrowed at $5.08/bbl favoring Brent. Prompt natural gas futures were down 1.4 cents at $2.738/mmBtu. May NYMEX RBOB futures closed at $2.0412/gal, up 0.13 cpg.
April gasoline differentials were steady to lower versus Monday’s level.
A2 CBOB 87 regular was weaker at 12.50 cpg under the screen.
CBOB 87 was firm at 7.00 cpg under the screen.
D2 CBOB 93 premium was softer at 3.75 cpg over the screen.
CBOB 93 fell to 9.00 over the screen.
RBOB was steady at 3.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $12.90/bbl, $6.53/bbl under the screen. -- John Troland