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NYMEX Tuesday Wrap: Crude, gasoline deepen losses; nat gas continues climb
HOUSTON, January 10, 2017 (PCW) — February NYMEX crude futures settled down $1.14/bbl to $50.82/bbl. March Brent at the close of the NYMEX decreased $1.11/bbl to $53.67/bbl.
The March Brent/WTI spread narrowed to $1.97/bbl favoring Brent. Prompt natural gas futures were up 17.5 cents at $3.278/mmBtu. February NYMEX RBOB futures closed at $1.5467/gal, down 2.40 cpg.
January gasoline differentials were weaker versus Monday’s levels.
A4 CBOB 87 regular was softer at 2.75 cpg under the screen.
CBOB 87 was down at 2.50 cpg under the screen.
D4 CBOB 93 premium was lower at 11.75 cpg over the screen.
CBOB 93 fell to 12.00 cpg over the screen.
RBOB was weaker at 1.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $12.64/bbl, $2.41/bbl under the screen. – John Troland