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NYMEX Monday Wrap: Crude opens week with more losses; natgas tumbles
HOUSTON, January 11, 2016 (PCW) -- February NYMEX crude futures settled down $1.75/bbl to $31.41/bbl. February Brent at the close of the NYMEX decreased $1.82 to $31.55/bbl.
The February Brent/WTI spread narrowed to $0.14/bbl favoring Brent. Prompt natural gas futures were down 7.6 cents at $2.396/mmBtu. February NYMEX RBOB futures closed at $1.1130/gal, down 1.47 cpg.
US Gulf cash gasoline differentials were mostly steady versus Friday’s levels.
A4 CBOB 87 regular was steady at 9.75 cpg under the screen.
CBOB 87 was unchanged at 9.75 cpg under the screen.
D4 CBOB 93 premium held firm at 12.75 cpg over the screen.
CBOB 93 was steady at 12.75 cpg over the screen.
RBOB was down at 9.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.90/bbl, $3.06/bbl under the screen. – John Troland
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