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NYMEX Thursday Wrap: Crude posts minimal losses; natgas rallies
Houston, May 19, 2016 (PCW) -— June NYMEX crude futures settled down $0.03/bbl to $48.16/bbl. July Brent at the close of the NYMEX decreased $0.07/bbl to $48.83/bbl.
The July Brent/WTI spread widened to $0.16/bbl favoring Brent. Prompt natural gas futures were up 3.8 cents at $2.039/mmBtu. June NYMEX RBOB futures closed at $1.6339/gal, down 1.50 cpg.
US Gulf cash gasoline differentials were mixed versus Wednesday’s levels.
A2 CBOB 87 regular was stronger at 19 cpg under the screen.
CBOB 87 was higher at 14.50 cpg under the screen.
D2 CBOB 93 premium was steady at 0.75 cpg under the screen.
CBOB 93 was lower at 3.75 cpg over the screen.
RBOB was up at 12.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $12.57/bbl, $5.72/bbl under the screen. -– John Troland
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