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NYMEX Friday Wrap: Crude closes week with gains; natgas reverses course
Houston, April 8, 2016 (PCW) -— May NYMEX crude futures settled up $2.46/bbl, to $39.72/bbl. June Brent at the close of the NYMEX increased $2.50/bbl to $41.81/bbl.
The June Brent/WTI spread narrowed to $0.82/bbl favoring Brent. Prompt natural gas futures were down 2.8 cents at $1.990/mmBtu. May NYMEX RBOB futures closed at $1.4637/gal, up 8.25 cpg.
US Gulf cash gasoline differentials were mostly stronger versus Thursday’s levels.
A2 CBOB 87 regular was lower at 20 cpg under the screen.
CBOB 87 was up at 13 cpg under the screen.
D2 CBOB 93 premium was higher at 4.50 cpg over the screen.
CBOB 93 increased to 4.50 cpg over the screen.
RBOB was higher at 13 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $12.28/bbl, $5.79/bbl under the screen. – John Troland
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