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NYMEX Monday Wrap: Oil drops to near $37; RBOB futures decline
Houston, March 14, 2016 (PCW) —- April NYMEX crude futures settled down $1.32/BBL, to $37.18. May Brent at the close of the NYMEX decreased $1.00 to $39.47. The May Brent/WTI spread widened to $0.63/bbl favoring Brent.
Prompt natural gas futures were down 0.3 cents at $1.819/mmBtu. April NYMEX RBOB futures closed at $1.4226 pg, down 2.17cpg.
US Gulf cash gasoline differentials ended mostly lower versus Friday’s levels.
A2 CBOB 87 regular was lower at 22.50 cpg under the screen.
CBOB 87 was down at 22.50 cpg under the screen.
D2 CBOB 93 premium fell to 7.75 cpg under the screen.
CBOB 93 was down at 7.75 cpg under the screen.
RBOB was up at 10.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $12.42/bbl, $6.98/bbl under the screen. – John Troland.
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