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NYMEX Tuesday Wrap: Crude, nat gas, gasoline open week with steep declines
HOUSTON, January 3, 2017 (PCW) — February NYMEX crude futures settled down $1.39/bbl to $52.33/bbl. March Brent at the close of the NYMEX decreased $1.28/bbl to $55.49/bbl.
The March Brent/WTI spread widened to $2.20/bbl favoring Brent. Prompt natural gas futures were down 39.7 cents at $3.327/mmBtu. February NYMEX RBOB futures closed at $1.6218/gal, down 4.91 cpg.
January gasoline differentials were weaker versus Friday’s levels.
A4 CBOB 87 regular was softer at 4.75 cpg under the screen.
CBOB 87 was lower at 4.25 cpg under the screen.
D4 CBOB 93 premium fell to at 10.75 cpg over the screen.
CBOB 93 was down at 11.25 cpg over the screen.
RBOB was weaker at 3.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $13.81/bbl, $2.74/bbl under the screen. – John Troland