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NYMEX Wednesday Wrap: Crude jumps more than $2 bbl; natgas, RBOB also rise
Houston, March 16, 2016 (PCW) -— April NYMEX crude futures settled up $2.12/BBL, to $38.46. May Brent at the close of the NYMEX increased $1.43 to $40.23. The May Brent/WTI spread narrowed to $0.23/bbl favoring Brent.
Prompt natural gas futures were up 1.7 cents at $1.868/mmBtu. April NYMEX RBOB futures closed at $1.4183 pg, up 1.01cpg.
US Gulf cash gasoline differentials ended lower versus Tuesday’s levels.
A2 CBOB 87 regular was lower at 19.50 cpg under the screen.
CBOB 87 was down at 19.50 cpg under the screen.
D2 CBOB 93 premium fell to 0.25 cpg under the screen.
CBOB 93 was down at 0.25 cpg under the screen.
RBOB was down at 7.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $12.52/bbl, $5.97/bbl under the screen. – John Troland.
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