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NYMEX Thursday Wrap: Crude posts mixed results; natgas reverses course
Houston, May 26, 2016 (PCW) —- July NYMEX crude futures settled down $0.08/bbl to $49.48/bbl. July Brent at the close of the NYMEX increased $0.14/bbl to $49.80/bbl.
The July Brent/WTI spread widened to $0.32/bbl favoring Brent. Prompt natural gas futures were down 2.9 cents at $1.963/mmBtu. June NYMEX RBOB futures closed at $1.6195/gal, down 2.21 cpg.
US Gulf cash gasoline differentials were mixed versus Wednesday’s levels.
A2 CBOB 87 regular was higher at 13.25 cpg under the screen.
CBOB 87 was stronger at 8.75 cpg under the screen.
D2 CBOB 93 premium was lower at 5.50 cpg over the screen.
CBOB 93 was down at 10.00 cpg over the screen.
RBOB was higher at 6.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $13.34/bbl, $4.09/bbl under the screen. –- John Troland
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