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NYMEX Friday Wrap: Crude finishes week with rally; natgas sees slim gains
HOUSTON, January 22, 2016 (PCW) -- March NYMEX crude futures settled up $2.66/bbl to $32.19/bbl. March Brent at the close of the NYMEX increased $2.85 to $31.98/bbl.
The March Brent/WTI spread narrowed to $0.21/bbl favoring WTI. Prompt natural gas futures were up 0.1 cents at $2.139/mmBtu. February NYMEX RBOB futures closed at $1.0838 pg, up 5.26 cpg.
US Gulf cash gasoline differentials ended higher versus Thursday’s levels.
A4 CBOB 87 regular was higher at 8 cpg under the screen.
CBOB 87 was up at 8 cpg under the screen.
D4 CBOB 93 premium rose to 14.50 cpg over the screen.
CBOB 93 was stronger at 14.50 cpg over the screen.
RBOB increased to 7.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $12.01/bbl, $1.09/bbl under the screen. – John Troland.
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