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NYMEX Tuesday Wrap: Crude oil rises, Brent/WTI spread narrows
HOUSTON, March 28, 2017 (PCW) — May NYMEX crude futures settled up $0.64/bbl to $48.37/bbl. May Brent at the close of the NYMEX increased $0.52/bbl to $51.27/bbl. The May Brent/WTI spread narrowed to $2.90/bbl favoring Brent.
Prompt natural gas futures were up 4.4 cents at $3.096/mmBtu. April NYMEX RBOB futures closed at $1.6349/gal, up 1.60 cpg.
April gasoline differentials were steady to higher versus Monday’s levels.
2 CBOB 87 regular was steady at 14.25 cpg under the screen.
BOB 87 was unchanged at 14.00 cpg under the screen.
2 CBOB 93 premium was higher at 4.00 cpg over the screen.
BOB 93 was up at 4.25 cpg over the screen.
BOB was higher at 2.25 cpg under the screen.
he 3-2-1 crack in the Gulf Coast was $13.63/bbl, $5.71/bbl under the screen. – John Troland