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NYMEX Wednesday Wrap: Crude, nat gas, gasoline make strong gains
HOUSTON, March 29, 2017 (PCW) — May NYMEX crude futures settled up $1.14/bbl to $49.51/bbl. May Brent at the close of the NYMEX increased $1.08/bbl to $52.35/bbl.
The May Brent/WTI spread narrowed to $2.86/bbl favoring Brent. Prompt natural gas futures were up 7.9 cents at $3.175/mmBtu. April NYMEX RBOB futures closed at $1.6720/gal, up 3.71 cpg.
April gasoline differentials were mixed versus Tuesday’s levels.
2 CBOB 87 regular was stronger at 13.25 cpg under the screen.
BOB 87 was up at 13.00 cpg under the screen.
2 CBOB 93 premium was weaker at 3.75 cpg over the screen.
BOB 93 was down at 4.00 cpg over the screen.
BOB was higher at 1.75 cpg under the screen.
he 3-2-1 crack in the Gulf Coast was $14.08/bbl, $5.52/bbl under the screen. – John Troland