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NYMEX Monday Wrap: Crude opens week with losses; nat gas, gasoline advance
HOUSTON, March 20, 2017 (PCW) — April NYMEX crude futures settled down $0.56/bbl to $48.22/bbl. May Brent at the close of the NYMEX decreased $0.13/bbl to $51.63/bbl.
The May Brent/WTI spread widened to $2.73/bbl favoring Brent. Prompt natural gas futures were up 9.3 cents at $3.041/mmBtu. April NYMEX RBOB futures closed at $1.6113/gal, up 1.24 cpg.
April gasoline differentials were mostly stronger versus Friday’s levels.
2 CBOB 87 regular was up at 12.50 cpg under the screen.
BOB 87 was stronger at 12.25 cpg under the screen.
2 CBOB 93 premium rose to 2.25 cpg over the screen.
BOB 93 was higher at 2.50 cpg over the screen.
BOB was weaker at 1.75 cpg under the screen.
he 3-2-1 crack in the Gulf Coast was $12.83/bbl, $5.26/bbl under the screen. – John Troland