Chicago: Unleaded edges down

摘要

First-cycle unleaded cash differentials edged down 5.50 cts/gal Tuesday after peaking at 17.50 cts/gal over the July NYMEX contract as many said the severe backwardation was too extreme to sustain. Deals head were between 12.00-16.50 cts/gal over the print but not confirmed as having been done during normal trading hours.