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NYMEX Wednesday Wrap: Oil rises close to $38, natgas drops 4 cents
HOUSTON, April 6, 2016 (PCW) -— May NYMEX crude futures settled up $1.86/BBL, to $37.75. June Brent at the close of the NYMEX increased $1.97 to $39.84. The June Brent/WTI spread narrowed at $0.73/bbl favoring Brent.
Prompt natural gas futures were down 4.3 cents at $1.911/mmBtu. May NYMEX RBOB futures closed at $1.3947 pg, up 1.69 cpg.
US Gulf cash gasoline differentials ended mostly higher versus Tuesday’s levels.
A2 CBOB 87 regular was higher at 22.00 cpg under the screen.
CBOB 87 was up at 14.00 cpg under the screen.
D2 CBOB 93 premium was higher at 2.75 cpg over the screen.
CBOB 93 increased to 10.50 cpg over the screen.
RBOB was lower at 14.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.69/bbl, $6.58/bbl under the screen. – John Troland
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