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NYMEX Tuesday Wrap: Crude settles at $28.46; natgas also drops
HOUSTON, January 19 2016 (PCW) -- February NYMEX crude futures settled down $0.96/bbl to $28.46/bbl. March Brent at the close of the NYMEX decreased $0.15 to $31.01/bbl. The March Brent/WTI spread narrowed to $0.76/bbl favoring WTI.
Prompt natural gas futures were down 0.9 cents at $2.091/mmBtu. February NYMEX RBOB futures closed at $1.0262 pg, up 0.50 cpg.
US Gulf cash gasoline differentials ended higher versus Friday’s levels.
A4 CBOB 87 regular was higher at 9.00 cpg under the screen.
CBOB 87 was up at 9.00 cpg under the screen.
D4 CBOB 93 premium rose to 13.50 cpg over the screen.
CBOB 93 was up at 13.50 cpg over the screen.
RBOB increased to 8.00 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.32/bbl, $1.68/bbl under the screen. – John Troland
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