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NYMEX Wednesday Wrap: Crude extends gains; natgas rallies
Houston, May 25, 2016 (PCW) -- July NYMEX crude futures settled up $0.94/bbl to $49.56/bbl. July Brent at the close of the NYMEX increased $1.02/bbl to $49.66/bbl.
The July Brent/WTI spread widened to $0.10/bbl favoring Brent. Prompt natural gas futures were up 1.2 cents at $1.992/mmBtu. June NYMEX RBOB futures closed at $1.6416/gal, down 1.28 cpg.
US Gulf cash gasoline differentials were stronger versus Tuesday’s levels.
A2 CBOB 87 regular was higher at 14.25 cpg under the screen.
CBOB 87 was up at 9.75 cpg under the screen.
D2 CBOB 93 premium was stronger at 6.25 cpg over the screen.
CBOB 93 rose to 10.50 cpg over the screen.
RBOB was higher at 7.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $13.74/bbl, $4.29/bbl under the screen. -- John Troland.
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