US Cash Products-Gulf Coast CBOB gasoline rises on buyer demand

NEW YORK, April 21 (Reuters) - Cash differentials for CBOB gasoline rose in the U.S. Gulf Coast on Monday, as a buyer needed supplies on the last day to trade for deliveries on the Colonial Pipeline's 24th annual pumping cycle to New York Harbor, traders said.

Gulf Coast A2 CBOB gasoline CBOB-DIFF-USG gained a cent to 13.5 cents above the RBOB gasoline futures contract RBc1 on the New York Mercantile Exchange, traders said.

In contrast, M2 conventional gasoline RU-DIFF-USG fell three-quarters of a cent to 9.25 cents below futures.

Gulf Coast 62-grade ultra-low sulfur diesel ULSD-DIFF-USG was unchanged at 8.5 cents below ULSD futures HOc1.

Chicago CBOB gasoline CBOB-DIFF-MC fell 2 cents to 12 cents below futures, traders said.​ ULSD ULSD-DIFF-MC was unchanged at 9 cents under futures, they said.

Elsewhere in the Midwest, Group 3 V-grade gasoline RUV-DIFF-G3 fell 3 cents to 6.25 cents below the benchmark. Group 3 diesel ULSD-DIFF-G3 gained quarter of a cent to 3.75 cents above futures, market participants said.

Crude oil futures fell more than 2% on signs of progress in talks between the U.S. and Iran, and as concerns persisted over the global economic outlook. O/R

Gasoline futures fell 3.35 cents to settle at $2.0653 a gallon, and ULSD futures fell 4.34 cents to $2.1089.

Renewable fuel (D6) credits RIN-D6-US for 2025 traded between 99 cents and 96.5 cents each, the same as the previous session, market participants said.

Biomass-based (D4) credits RIN-D4-US traded between 109.5 cents each and 105 cents each, also the same as before.