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NYMEX Tuesday Wrap: Crude extends losses, natgas continues rally
Houston, March 29, 2016 (PCW) —- May NYMEX crude futures settled down $01.11/bbl to $38.28/bbl. May Brent at the close of the NYMEX decreased $0.97/bbl to $39.22/bbl.
The May Brent/WTI spread widened to $0.94/bbl favoring Brent. Prompt natural gas futures were up 5.5 cents at $1.903/mmBtu. April NYMEX RBOB futures closed at $1.4538/gal, down 1.42 cpg.
US Gulf cash gasoline differentials ended weaker versus Monday’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 0.50 cpg over the screen.
CBOB 93 was lower at 0.50 cpg over the screen.
RBOB was down at 10.00 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $13.28/bbl, $6.77/bbl under the screen. – John Troland
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