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NYMEX Wednesday Wrap: Crude, gasoline finish lower; nat gas rallies
HOUSTON, January 25, 2017 (PCW) — February NYMEX crude futures settled down $0.43/bbl to $52.75/bbl. March Brent at the close of the NYMEX decreased $0.39/bbl to $54.99/bbl.
The March Brent/WTI spread widened to $2.24/bbl favoring Brent. Prompt natural gas futures were up 5.3 cents at $3.279/mmBtu. February NYMEX RBOB futures closed at $1.5238/gal, down 5.24 cpg.
January gasoline differentials were stronger versus Tuesday’s levels.
A4 CBOB 87 regular was up at 3.50 cpg under the screen.
CBOB 87 was stronger at 3.00 cpg under the screen.
D4 CBOB 93 premium was higher at 14.00 cpg over the screen.
CBOB 93 rose to 14.50 cpg over the screen.
RBOB was higher at 0.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.85/bbl, $2.25/bbl under the screen. – John Troland