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NYMEX Wednesday Wrap: Crude's upward run snaps; natgas still trends lower
HOUSTON, May 18, 2016 (PCW) — June NYMEX crude futures settled down $0.12/bbl to $48.19/bbl. July Brent at the close of the NYMEX decreased $0.32/bbl to $48.90/bbl.
The July Brent/WTI spread narrowed to $0.12/bbl favoring Brent. Prompt natural gas futures were down 4.7 cents at $2.001/mmBtu. June NYMEX RBOB futures closed at $1.6489/gal, up 1.48 cpg.
US Gulf cash gasoline differentials were weaker versus Tuesday’s levels.
A2 CBOB 87 regular was lower at 19.25 cpg under the screen.
CBOB 87 was down at 15.50 cpg under the screen.
D2 CBOB 93 premium fell to 0.75 cpg under the screen.
CBOB 93 was softer at 4 cpg over the screen.
RBOB was lower at 14.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $12.93/bbl, $5.81/bbl under the screen. – John Troland
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