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NYMEX Friday Wrap: Crude, gasoline close week with gains; nat gas plummets
HOUSTON, April 7, 2017 (PCW) — May NYMEX crude futures settled up $0.54/bbl to $52.24/bbl. June Brent at the close of the NYMEX increased $0.39/bbl to $55.29/bbl.
The June Brent/WTI spread narrowed to $2.65/bbl favoring Brent. Prompt natural gas futures were down 7.0 cents at $3.261/mmBtu. May NYMEX RBOB futures closed at $1.7462/gal, up 1.66 cpg.
May gasoline differentials were steady to weaker versus Thursday’s levels.
2 CBOB 87 regular was steady at 11.25 cpg under the screen.
BOB 87 was softer at 6.25 cpg under the screen.
2 CBOB 93 premium was firm at 5.50 cpg over the screen.
BOB 93 was down at 10.50 cpg over the screen.
BOB was weaker at 1.50 cpg under the screen.
he 3-2-1 crack in the Gulf Coast was $14.40/bbl, $5.05/bbl under the screen. – John Troland