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NYMEX Tuesday Wrap: Crude extends gains, natgas rallies
HOUSTON, May 17, 2016 (PCW) —- June NYMEX crude futures settled up $0.59/bbl to $48.31/bbl. July Brent at the close of the NYMEX increased $0.24/bbl to $49.22/bbl.
The July Brent/WTI spread narrowed to $0.23/bbl favoring Brent. Prompt natural gas futures were up 1.9 cents at $2.048/mmBtu. June NYMEX RBOB futures closed at $1.6341/ga, up 2.78 cpg.
US Gulf cash gasoline differentials were mixed versus Monday’s levels.
A2 CBOB 87 regular was weaker at 18.50 cpg under the screen.
CBOB 87 was stronger at 14 cpg under the screen.
D2 CBOB 93 premium was steady at 1.50 cpg over the screen.
CBOB 93 was higher at 6 cpg over the screen.
RBOB was higher at 14 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $12.08/bbl, $5.34/bbl under the screen. -– John Troland
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