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NYMEX Monday Wrap: Crude starts year with losses; gasoline sees gains
HOUSTON, January 4 2016 (PCW) -- February NYMEX crude futures settled down $0.28/bbl to $36.76/bbl. February Brent at the close of the NYMEX decreased $0.31 to $37.05/bbl.
The February Brent/WTI spread widened to $0.29/bbl favoring Brent. Prompt natural gas futures were down 0.3 cents at $2.334/mmBtu. February NYMEX RBOB futures closed at $1.2907/gal, up 1.97 cpg.
US Gulf cash gasoline differentials weakened versus Thursday’s levels.
A4 CBOB 87 regular was lower at 11 cpg under the screen.
CBOB 87 was weaker at 11 cpg under the screen.
D4 CBOB 93 premium fell to 11.50 cpg over the screen.
CBOB 93 decreased to 11.50 cpg over the screen.
RBOB was down at 7.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.54/bbl, $3.61/bbl under the screen. – John Troland
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