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NYMEX Monday Wrap: Crude opens week with slim losses; nat gas, gasoline advance
HOUSTON, January 23, 2017 (PCW) — February NYMEX crude futures settled down $0.47/bbl to $52.75/bbl. March Brent at the close of the NYMEX decreased $0.22/bbl to $55.16/bbl.
The March Brent/WTI spread widened to $2.41/bbl favoring Brent. Prompt natural gas futures were up 3.9 cents at $3.243/mmBtu. February NYMEX RBOB futures closed at $1.5667/gal, up 0.07 cpg.
January gasoline differentials were mixed versus Friday’s levels.
A4 CBOB 87 regular was weaker at 4.50 cpg under the screen.
CBOB 87 was stronger at 5.00 cpg under the screen.
D4 CBOB 93 premium was up at 13.00 cpg over the screen.
CBOB 93 was higher at 12.50 cpg over the screen.
RBOB was steady at 3.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.97/bbl, $2.72/bbl under the screen. – John Troland