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NYMEX Tuesday Wrap: Crude, nat gas falter; gasoline ticks up
HOUSTON, May 16, 2017 (PCW) — June NYMEX crude futures settled down $0.19/bbl to $48.66/bbl. July Brent at the close of the NYMEX decreased $0.14/bbl at $51.67/bbl.
The July Brent/WTI spread widened to $2.67/bbl favoring Brent. Prompt natural gas futures were down 11.9 cents at $3.230mmBtu. June NYMEX RBOB futures closed at $1.6043/gal, up 0.89 cpg.
June gasoline differentials were mixed versus Monday’s levels.
A2 CBOB 87 regular was weaker at 11.75 cpg under the screen.
BOB 87 was stronger at 4.50 cpg under the screen.
2 CBOB 93 premium was lower at 7.75 cpg over the screen.
BOB 93 was up at 15.00 cpg over the screen.
BOB was down at 1.75 cpg under the screen.
he 3-2-1 crack in the Gulf Coast was $12.49/bbl, $5.00/bbl under the screen. – John Troland