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NYMEX Thursday Wrap: Crude, gasoline extend losses; nat gas resumes climb
HOUSTON, March 9, 2017 (PCW) — April NYMEX crude futures settled down $1/bbl to $49.28/bbl. May Brent at the close of the NYMEX decreased $1.06/bbl to $52.13/bbl.
The May Brent/WTI spread narrowed to $2.30/bbl favoring Brent. Prompt natural gas futures were up 7.3 cents at $2.974/mmBtu. April NYMEX RBOB futures closed at $1.6243/gal, down 2.83 cpg.
April gasoline differentials were mixed versus Wednesday’s levels.
3 CBOB 87 regular was weaker at 17.75 cpg under the screen.
BOB 87 was softer at 17.50 cpg under the screen.
3 CBOB 93 premium was stronger at 6.50 cpg over the screen.
BOB 93 was up at 6.75 cpg over the screen.
BOB was higher at 15.75 cpg under the screen.
he 3-2-1 crack in the Gulf Coast was $11.28/bbl, $6.33/bbl under the screen. – John Troland