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NYMEX Wednesday Wrap: Crude rallies; nat gas, gasoline soften
HOUSTON, May 2, 2018 (PCW) — June NYMEX crude futures settled up $0.68/bbl at $67.93/bbl. July Brent at the close of the NYMEX increased $0.30/bbl at $73.44 bbl.
The July Brent/WTI spread narrowed at $5.67 bbl favoring Brent. Prompt natural gas futures were down 4.8 cents at $2.754 mmBtu. June NYMEX RBOB futures closed at $2.0798 gal, down 0.78 cpg.
May gasoline differentials were mostly weaker versus Tuesday’s levels.
A2 CBOB 87 regular was softer at 14.00 cpg under the screen.
CBOB 87 was steady at 8.25 cpg under the screen.
D2 CBOB 93 premium was weaker at 3.00 cpg over the screen.
CBOB 93 was down at 8.75 over the screen.
RBOB fell to 2.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.14 bbl, $8.87/bbl under the screen. – John Troland