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NYMEX Monday Wrap: Crude kicks off week with gains; Brent above $40/bbl
Houston, March 7, 2016 (PCW) —- April NYMEX crude futures settled up $1.98/bbl to $37.90/bbl. April Brent at the close of the NYMEX increased $2.05/bbl to $40.61/bbl.
The April Brent/WTI spread narrowed to $0.79/bbl favoring Brent. Prompt natural gas futures were up 2.4 cents at $1.690/mmBtu. April NYMEX RBOB futures closed at $1.3927/gal, up 6.06 cpg.
US Gulf cash gasoline differentials ended stronger versus Friday’s levels.
A3 CBOB 87 regular was higher at 33.75 cpg under the screen.
CBOB 87 was up at 33.75 cpg under the screen.
D3 CBOB 93 premium rose to 3 cpg under the screen.
CBOB 93 was up at 3 cpg under the screen.
RBOB was lower at 32 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $9.14/bbl, $9.07/bbl under the screen. – John Troland
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