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NGLs Week is PetroChem Wire's comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.
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NYMEX Tuesday Wrap: Crude drops more than a dollar, nat gas also falls
HOUSTON, May 2, 2017 (PCW) -— June NYMEX crude futures settled down $1.18/bbl to $47.66/bbl. July Brent at the close of the NYMEX decreased $1.17/bbl at $50.40/bbl. The July Brent/WTI spread widened to $2.41/bbl favoring Brent.
Prompt natural gas futures were down 2.0 cents at $3.195/mmBtu.
June NYMEX RBOB futures closed at $1.5136/gal, down 1.36 cpg. June gasoline differentials were mostly higher versus Monday’s levels.
2 CBOB 87 regular was higher at 12.75 cpg under the screen.
BOB 87 was steady at 8.50 cpg under the screen.
2 CBOB 93 premium was higher at 6.75 cpg over the screen.
BOB 93 was up at 11.00 cpg over the screen.
BOB was higher at 2.25 cpg under the screen.
he 3-2-1 crack in the Gulf Coast was $10.04/bbl, $5.23/bbl under the screen. -– John Troland