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NYMEX Wednesday Wrap: Crude, gasoline rally; nat gas retreats
HOUSTON, January 11 2017 (PCW) — February NYMEX crude futures settled up $1.43/bbl to $52.25/bbl. March Brent at the close of the NYMEX increased $1.41/bbl to $55.08/bbl.
The March Brent/WTI spread widened to $2.02/bbl favoring Brent. Prompt natural gas futures were down 5.4 cents at $3.224/mmBtu. February NYMEX RBOB futures closed at $1.5929/gal, up 4.62 cpg.
January gasoline differentials were softer versus Tuesday’s levels.
A4 CBOB 87 regular was lower at 3.25 cpg under the screen.
CBOB 87 was weaker at 3.00 cpg under the screen.
D4 CBOB 93 premium was down at 11.50 cpg over the screen.
CBOB 93 fell to 11.75 cpg over the screen.
RBOB was lower at 1.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $13.05/bbl, $2.43/bbl under the screen. – John Troland