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NYMEX Wednesday Wrap: Crude rallies, Brent back up above $40/bbl
Houston, March 9, 2016 (PCW) —- April NYMEX crude futures settled up $1.79/bbl to $38.29/bbl. April Brent at the close of the NYMEX increased $1.41/bbl to $41.12/bbl.
The April Brent/WTI spread widened to $1.41/bbl favoring Brent. Prompt natural gas futures were up 4 cents at $1.752/mmBtu. April NYMEX RBOB futures closed at $1.4705/gal, up 8.27 cpg.
US Gulf cash gasoline differentials ended mixed versus Tuesday’s levels.
A2 CBOB 87 regular was higher at 21 cpg under the screen.
CBOB 87 was up at 21 cpg under the screen.
D2 CBOB 93 premium fell to 1 cpg over the screen.
CBOB 93 was down at 1 cpg over the screen.
RBOB was higher at 9.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $14.01/bbl, $6.13/bbl under the screen. – John Troland
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