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NYMEX Thursday Wrap: Crude continues rally; natgas reverses course
Houston, May 5, 2016 (PCW) -— June NYMEX crude futures settled up $0.54/bbl to $44.32/bbl. July Brent at the close of the NYMEX increased $0.26/bbl to $44.86/bbl.
The July Brent/WTI spread narrowed to $0.05/bbl favoring WTI. Prompt natural gas futures were down 6.5 cents at $2.076/mmBtu. June NYMEX RBOB futures closed at $1.4914/gal, up 0.54 cpg.
US Gulf cash gasoline differentials were steady to lower versus Wednesday’s levels.
A2 CBOB 87 regular was steady at 18 cpg under the screen.
CBOB 87 was lower at 9.75 cpg under the screen.
D2 CBOB 93 premium fell to 5 cpg over the screen.
CBOB 93 was weaker at 13.25 cpg over the screen.
RBOB was steady at 12.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.78/bbl, $5.26/bbl under the screen. –- John Troland
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