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NYMEX Wednesday Wrap: Crude rallies; nat gas, gasoline deepen losses

HOUSTON, May 17, 2017 (PCW) — June NYMEX crude futures settled up $0.41/bbl to $49.07/bbl. July Brent at the close of the NYMEX increased $0.51/bbl at $52.18/bbl.

The July Brent/WTI spread widened to $2.77/bbl favoring Brent. Prompt natural gas futures were down 3.8cents at $3.192mmBtu. June NYMEX RBOB futures closed at $1.6027/gal, down 0.16 cpg.

June gasoline differentials were weaker versus Tuesday’s levels.

he 3-2-1 crack in the Gulf Coast was $12.04/bbl, $5.23/bbl under the screen. – John Troland

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