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NYMEX Tuesday Wrap: Crude falters, Brent falls below $40/bbl
Houston, March 8, 2016 (PCW) -— April NYMEX crude futures settled down $1.40/bbl to $36.50/bbl. April Brent at the close of the NYMEX decreased $0.90/bbl to $39.71/bbl.
The April Brent/WTI spread widened to $1.29/bbl favoring Brent. Prompt natural gas futures were up 2.2 cents at $1.712/mmBtu. April NYMEX RBOB futures closed at $1.3878/gal, down 0.49 cpg.
US Gulf cash gasoline differentials ended stronger versus Monday’s levels.
A3 CBOB 87 regular was higher at 29 cpg under the screen.
CBOB 87 was up at 29 cpg under the screen.
D3 CBOB 93 premium rose to 1.50 cpg over the screen.
CBOB 93 was up at 1.50 cpg over the screen.
RBOB was higher at 28.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.19/bbl, $7.97/bbl under the screen. – John Troland
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