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NYMEX Thursday Wrap: Crude closes week with losses; natgas, gasoline rally
Houston, March 24, 2016 (PCW) -- May NYMEX crude futures settled down $0.33/bbl to $39.46/bbl. May Brent at the close of the NYMEX decreased $0.27/bbl to $40.35/bbl.
The May Brent/WTI spread widened to $0.89/bbl favoring Brent. Prompt natural gas futures were up 1.2 cents at $1.806/mmBtu. April NYMEX RBOB futures closed at $1.4659/gal, up 1.18 cpg.
US Gulf cash gasoline differentials ended mixed versus Wednesday’s levels.
A2 CBOB 87 regular was lower at 17 cpg under the screen.
CBOB 87 was down at 17 cpg under the screen.
D2 CBOB 93 premium rose to 3.75 cpg over the screen.
CBOB 93 was higher at 3.75 cpg over the screen.
RBOB was down at 7 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $14.10/bbl, $5.71/bbl under the screen. – John Troland
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