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NYMEX Tuesday Wrap: Crude rallies on supply issues; natgas also pulled higher
HOUSTON, May 10, 2016 (PCW) — June NYMEX crude futures settled up $1.22/bbl to $44.66/bbl. July Brent at the close of the NYMEX increased $1.73/bbl to $45.43/bbl.
The July Brent/WTI spread widened to $0.08/bbl favoring Brent. Prompt natural gas futures were up 6 cents at $2.158/mmBtu. June NYMEX RBOB futures closed at $1.4857/gal, up 4.30 cpg.
US Gulf cash gasoline differentials were mixed versus Monday’s levels.
A2 CBOB 87 regular was higher at 18.75 cpg under the screen.
CBOB 87 was lower at 13.50 cpg under the screen.
D2 CBOB 93 premium was down to 1.25 cpg under the screen.
CBOB 93 fell to 4 cpg over the screen.
RBOB was stronger at 14 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $9.89/bbl, $5.77/bbl under the screen. – John Troland
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