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NYMEX Tuesday Wrap: Crude, gasoline extend gains; nat gas falters
HOUSTON, May 15, 2018 (PCW) — June NYMEX crude futures settled up $0.35/bbl at $71.31/bbl. July Brent at the close of the NYMEX increased $0.23/bbl at $78.46 bbl.
The July Brent/WTI spread narrowed at $7.09 bbl favoring Brent. Prompt natural gas futures were down 0.6 cents at $2.836 mmBtu. June NYMEX RBOB futures closed at $2.2048 gal, up 0.46 cpg.
May gasoline differentials were weaker versus Monday’s levels.
A2 CBOB 87 regular was softer at 14.25 cpg under the screen.
CBOB 87 was down at 8.75 cpg under the screen.
D2 CBOB 93 premium was weaker at 0.50 cpg over the screen.
CBOB 93 was down at 6.50 over the screen.
RBOB fell to parity with the screen.
The 3-2-1 crack in the Gulf Coast was $11.67 bbl, $10.24/bbl under the screen. – John Troland