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NYMEX Wednesday Wrap: Crude, nat gas, gasoline see deep declines
HOUSTON, January 18, 2017 (PCW) — February NYMEX crude futures settled down $1.41/bbl to $51.08/bbl. March Brent at the close of the NYMEX decreased $1.41/bbl to $54.06/bbl.
The March Brent/WTI spread narrowed to $2.17/bbl favoring Brent. Prompt natural gas futures were down 11 cents at $3.302/mmBtu. February NYMEX RBOB futures closed at $1.5487/gal, down 5.17 cpg.
January gasoline differentials were weaker versus Tuesday’s levels.
A4 CBOB 87 regular was softer at 6.00 cpg under the screen.
CBOB 87 was lower at 5.75 cpg under the screen.
D4 CBOB 93 premium was down at 8.75 cpg over the screen.
CBOB 93 was weaker at 9.00 cpg over the screen.
RBOB fell to 3.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.45/bbl, $3.36/bbl under the screen. – John Troland