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NYMEX Tuesday Wrap: Crude extend losses; natgas rallies
Houston, May 3, 2016 (PCW) -— June NYMEX crude futures settled down $1.13/bbl to $43.65/bbl. July Brent at the close of the NYMEX decreased $1.05/bbl to $44.87/bbl.
The July Brent/WTI spread widened to $0.46/bbl favoring Brent. Prompt natural gas futures were up 4.4 cents at $2.086/mmBtu. June NYMEX RBOB futures closed at $1.5100/gal, down 5.28 cpg.
US Gulf cash gasoline differentials were mixed versus Monday’s levels.
A2 CBOB 87 regular was lower at 18.25 cpg under the screen.
CBOB 87 was down at 8.50 cpg under the screen.
D2 CBOB 93 premium was lower at 4.25 cpg over the screen.
CBOB 93 was up at 14 cpg over the screen.
RBOB was rose to 10 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.92/bbl, $5.38/bbl under the screen. –- John Troland
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