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NYMEX Tuesday Wrap: Crude extends gains; natgas mounts rally
Houston, March 1, 2016 (PCW) —- April NYMEX crude futures settled up $0.65/bbl to $34.40/bbl. April Brent at the close of the NYMEX increased $0.35/bbl to $36.92/bbl.
The April Brent/WTI spread narrowed to $0.77/bbl favoring Brent. Prompt natural gas futures were up 3.1 cents at $1.742/mmBtu. April NYMEX RBOB futures closed at $1.3095/gal, down 1.72 cpg.
US Gulf cash gasoline differentials ended weaker versus Monday’s levels.
A3 CBOB 87 regular was lower at 31 cpg under the screen.
CBOB 87 was down at 31 cpg under the screen.
D3 CBOB 93 premium fell to 10.50 cpg under the screen.
CBOB 93 was down at 10.50 cpg under the screen.
RBOB was higher at 30.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $8.35/bbl, $9.14/bbl under the screen. – John Troland
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