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NYMEX Tuesday Wrap: Crude, gasoline falter; nat gas rallies
HOUSTON, May 9, 2017 (PCW) — June NYMEX crude futures settled down $0.55/bbl to $45.88/bbl. July Brent at the close of the NYMEX decreased $0.51/bbl at $48.75/bbl.
The July Brent/WTI spread widened to $2.48/bbl favoring Brent. Prompt natural gas futures were up 5.5 cents at $3.227/mmBtu. June NYMEX RBOB futures closed at $1.4895/gal, down 2.83 cpg.
June gasoline differentials were mixed versus Monday’s levels.
A2 CBOB 87 regular was steady at 12.75 cpg under the screen.
BOB 87 was softer at 7.00 cpg under the screen.
2 CBOB 93 premium was stronger at 9.00 cpg over the screen.
BOB 93 was up at 14.75 cpg over the screen.
BOB was unchanged at 2.50 cpg under the screen.
he 3-2-1 crack in the Gulf Coast was $10.98/bbl, $5.04/bbl under the screen. – John Troland