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NYMEX Friday Wrap: Crude closes week with steep losses; natgas, gasoline drop
HOUSTON, April 21, 2017 (PCW) — June NYMEX crude futures settled down $1.09/bbl to $49.62/bbl. June Brent at the close of the NYMEX was down $0.88/bbl at $52.01/bbl.
The June Brent/WTI spread widened to $2.39/bbl favoring Brent. Prompt natural gas futures were down 5.8 cents at $3.101/mmBtu. May NYMEX RBOB futures closed at $1.6445/gal, down 2.60 cpg.
May gasoline differentials were mixed versus Thursday’s levels.
2 CBOB 87 regular was weaker at 13.75 cpg under the screen.
BOB 87 was down at 8.50 cpg under the screen.
2 CBOB 93 premium was stronger at 4.75 cpg over the screen.
BOB 93 was up at 10.00 cpg over the screen.
BOB was steady at 3.25 cpg under the screen.
he 3-2-1 crack in the Gulf Coast was $13.07/bbl, $5.47/bbl under the screen. – John Troland