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NYMEX Thursday Wrap: Crude plunges more than $2 a barrel
HOUSTON, May 25, 2017 (PCW) — July NYMEX crude futures settled down $2.46/bbl to $48.90/bbl. July Brent at the close of the NYMEX decreased $2.52/bbl at $51.51/bbl. The July Brent/WTI spread narrowed to $2.61/bbl favoring Brent.
Prompt natural gas futures were down 2.5 cents at $3.184 mmBtu. June NYMEX RBOB futures closed at $1.6093/gal, down 4.33 cpg.
June gasoline differentials were steady to lower versus Wednesday’s levels.
2 CBOB 87 regular was steady at 12.75 cpg under the screen.
BOB 87 was steady at 8.00 cpg under the screen.
2 CBOB 93 premium was lower at 6.00 cpg over the screen.
BOB 93 was down at 10.75 cpg over the screen.
BOB was lower at 3.00 cpg under the screen.
he 3-2-1 crack in the Gulf Coast was $12.82/bbl, $5.35/bbl under the screen. – John Troland