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NYMEX Thursday Wrap: Crude sees slight losses, natgas reverses couse
Houston, April 14, 2016 (PCW) -— May NYMEX crude futures settled down $0.26/bbl to $41.50/bbl. June Brent at the close of the NYMEX decreased $0.42/bbl to $43.88/bbl.
The June Brent/WTI spread narrowed to $1.21/bbl favoring Brent. Prompt natural gas futures were down 6.6 cents at $1.970/mmBtu. May NYMEX RBOB futures closed at $1.5056/gal, down 2.39 cpg.
US Gulf cash gasoline differentials were weaker versus Wednesday’s levels.
A2 CBOB 87 regular was lower at 22.50 cpg under the screen.
CBOB 87 was down at 15.75 cpg under the screen.
D2 CBOB 93 premium was lower at 1.25 cpg over the screen.
CBOB 93 decreased to 1.25 cpg over the screen.
RBOB was lower at 15.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.66/bbl, $6.56/bbl under the screen. – John Troland
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