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NYMEX Friday Wrap: Crude, nat gas, gasoline close week with losses
HOUSTON, May 18, 2018 (PCW) — June NYMEX crude futures settled 21 cents lower at $71.28/bbl. July Brent at the close of the NYMEX decreased $0.23/bbl at $79.43 bbl.
The July Brent/WTI spread narrowed at $7.09 bbl favoring Brent. Prompt natural gas futures were down 1.2 cents at $2.847 mmBtu. June NYMEX RBOB futures closed at $2.2333 gal, down 0.98 cpg.
May gasoline differentials were mixed versus Thursday’s levels.
A2 CBOB 87 regular was steady at 14.75 cpg under the screen.
CBOB 87 was weaker at 9.75 cpg under the screen.
D2 CBOB 93 premium was stronger at 3.25 cpg over the screen.
CBOB 93 was up at 10.75 over the screen.
RBOB was higher at 1.00 cpg over the screen.
The 3-2-1 crack in the Gulf Coast was $12.71 bbl, $10.26/bbl under the screen. – John Troland