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NYMEX Friday Wrap: Crude ends week up strongly; natgas at 17-year lows
Houston, March 4, 2016 (PCW) —- April NYMEX crude futures settled up $1.35/bbl to $35.92/bbl. April Brent at the close of the NYMEX increased $1.62/bbl to $38.56/bbl.
The April Brent/WTI spread widened to $0.81/bbl favoring Brent. Prompt natural gas futures were up 2.7 cents at $1.666/mmBtu. April NYMEX RBOB futures closed at $1.3321/gal, up 3.33 cpg.
US Gulf cash gasoline differentials ended mixed versus Thursday’s levels.
A3 CBOB 87 regular was lower at 35.50 cpg under the screen.
CBOB 87 was down at 35.50 cpg under the screen.
D3 CBOB 93 premium rose to 6 cpg under the screen.
CBOB 93 was up at 6 cpg under the screen.
RBOB was lower at 34.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $8.06/bbl, $9.58/bbl under the screen. – John Troland
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