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NYMEX Wednesday Wrap: Crude, gasoline probe lower; nat gas shoots up
HOUSTON, March 8, 2017 (PCW) — April NYMEX crude futures settled down $2.86/bbl to $50.28/bbl. May Brent at the close of the NYMEX decreased $2.78/bbl to $53.19/bbl.
The May Brent/WTI spread widened to $2.36/bbl favoring Brent. Prompt natural gas futures were up 7.7 cents at $2.901/mmBtu. April NYMEX RBOB futures closed at $1.6526/gal, down 2.72 cpg.
April gasoline differentials were stronger versus Tuesday’s levels.
A3 CBOB 87 regular was up at 17.50 cpg under the screen.
BOB 87 was higher at 17.25 cpg under the screen.
3 CBOB 93 premium was stronger at 2.50 cpg over the screen.
BOB 93 rose to 2.75 cpg over the screen.
BOB was higher at 16.25 cpg under the screen.
he 3-2-1 crack in the Gulf Coast was $11.34/bbl, $6.45/bbl under the screen. – John Troland