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NYMEX Friday Wrap: Oil closes above $38, natgas also rises
Houston, March 11, 2016 (PCW) —- April NYMEX crude futures settled up $0.66/BBL, to $38.50. April Brent at the close of the NYMEX increased $0.30 to $40.47. The April Brent/WTI spread narrowed to $0.38/bbl favoring Brent. Prompt natural gas futures were up 3.4 cents at $1.822/mmBtu.
April NYMEX RBOB futures closed at $1.4443 pg, up 0.54cpg.
US Gulf cash gasoline differentials ended mostly lower versus Thursday’s levels.
A2 CBOB 87 regular was lower at 21.50 cpg under the screen.
CBOB 87 was down at 21.50 cpg under the screen.
D2 CBOB 93 premium fell to 7.50 cpg under the screen.
CBOB 93 was down at 7.50 cpg under the screen.
RBOB was steady at 10.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $12.31/bbl, $6.68/bbl under the screen. – John Troland.
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