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NYMEX Tuesday Wrap: Crude continues collapse; nat gas reverses course
HOUSTON, March 14, 2017 (PCW) — April NYMEX crude futures settled down $0.68/bbl to $47.72/bbl. May Brent at the close of the NYMEX decreased $0.47/bbl to $50.87/bbl.
The May Brent/WTI spread widened to $2.52/bbl favoring Brent. Prompt natural gas futures were down 10.5 cents at $2.938/mmBtu. April NYMEX RBOB futures closed at $1.5835/gal, up 0.28 cpg.
April gasoline differentials were stronger versus Monday’s levels.
2 CBOB 87 regular was higher at 14.00 cpg under the screen.
BOB 87 was up at 13.75 cpg under the screen.
2 CBOB 93 premium was stronger at 3.25 cpg over the screen.
BOB 93 rose to 3.50 cpg over the screen.
BOB was stronger at 12.00 cpg under the screen.
he 3-2-1 crack in the Gulf Coast was $11.80/bbl, $5.70/bbl under the screen. – John Troland