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NYMEX Tuesday Wrap: Crude extends loss; gasoline, natgas soften
HOUSTON, January 5, 2016 (PCW) -- February NYMEX crude futures settled down $0.79/bbl to $35.97/bbl. February Brent at the close of the NYMEX decreased $0.46 to $36.59/bbl.
The February Brent/WTI spread widened to $0.62/bbl favoring Brent. Prompt natural gas futures were down 0.9 cents at $2.325/mmBtu. February NYMEX RBOB futures closed at $1.2567/gal, down 3.40 cpg.
US Gulf cash gasoline differentials declined versus Monday’s levels.
A4 CBOB 87 regular was lower at 13.50 cpg under the screen.
CBOB 87 was weaker at 13.50 cpg under the screen.
D4 CBOB 93 premium fell to 9 cpg over the screen.
CBOB 93 decreased to 9 cpg over the screen.
RBOB was down at 12.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.73/bbl, $4.24/bbl under the screen. – John Troland
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