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NYMEX Wednesday Wrap: Crude, gasoline see slight rally; nat gas deepens losses
HOUSTON, January 4, 2017 (PCW) -- February NYMEX crude futures settled higher, up $0.93 BBl to $53.26. March Brent at the close of the NYMEX increased $0.97 to $56.46. The March Brent/WTI spread widened to $2.24/bbl favoring Brent.
Prompt natural gas futures were down 6.0 cents at $3.267/mmBtu. February NYMEX RBOB futures closed at $1.6459 pg, up 2.41 cpg.
January gasoline differentials were higher versus Tuesday’s levels.
A4 CBOB 87 regular was higher at 4.00 cpg under the screen.
CBOB 87 was higher at 3.75 cpg under the screen.
D4 CBOB 93 premium was higher at 15.00 cpg over the screen.
CBOB 93 was higher at 15.25 cpg over the screen.
RBOB was higher at 2.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $14.06/bbl, $2.47/bbl under the screen. –- John Troland.