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NYMEX Monday Wrap: Crude opens week with slight losses; nat gas shoots up
HOUSTON, November 14, 2016 (PCW) — December NYMEX crude futures settled down $0.09/bbl to $43.33/bbl. January Brent at the close of the NYMEX decreased $0.33/bbl to $44.40/bbl.
The January Brent/WTI spread narrowed to $0.46/bbl favoring Brent. Prompt natural gas futures were up 13.0 cents at $2.749/mmBtu. December NYMEX RBOB futures closed at $1.2778/gal, down 2.75 cpg.
November gasoline differentials were weaker versus Friday’s levels.
A4 CBOB 87 regular was softer at 15.00 cpg under the screen.
CBOB 87 was weaker at 14.75 cpg under the screen.
D4 CBOB 93 premium was lower at 4.75 cpg over the screen.
CBOB 93 was down at 5.00 cpg over the screen.
RBOB fell to 12.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $7.24/bbl, $4.62 /bbl under the screen. – John Troland