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NYMEX Wednesday Wrap: Crude, gasoline collapses; nat gas rallies
HOUSTON, April 19, 2017 (PCW) — May NYMEX crude futures settled down $1.97/bbl to $50.44/bbl. June Brent at the close of the NYMEX decreased $2.10/bbl to $52.89/bbl.
The June Brent/WTI spread narrowed to $2.04/bbl favoring Brent. Prompt natural gas futures were up 4.0 cents at $3.185/mmBtu. May NYMEX RBOB futures closed at $1.6590/gal, down 5.20 cpg.
May gasoline differentials were mostly steady versus Tuesday’s levels.
2 CBOB 87 regular was firm at 14.00 cpg under the screen.
BOB 87 was unchanged at 10.00 cpg under the screen.
2 CBOB 93 premium was steady at 3.25 cpg over the screen.
BOB 93 was unchanged at 7.25 cpg over the screen.
BOB was stronger at 2.75 cpg under the screen.
he 3-2-1 crack in the Gulf Coast was $12.52/bbl, $5.63/bbl under the screen. – John Troland