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NYMEX Tuesday Wrap: Crude sees strong gains; nat gas gives up ground
HOUSTON, November 15, 2016 (PCW) — December NYMEX crude futures settled up $2.49/bbl to $45.81/bbl. January Brent at the close of the NYMEX increased $2.49/bbl to $46.89/bbl.
The January Brent/WTI spread widened to $0.50/bbl favoring Brent. Prompt natural gas futures were down 4 cents at $2.709/mmBtu. December NYMEX RBOB futures closed at $1.3350/gal, up 5.72 cpg.
November gasoline differentials were mostly stronger versus Monday’s levels.
A4 CBOB 87 regular was up at 13.00 cpg under the screen.
CBOB 87 was stronger at 12.50 cpg under the screen.
D4 CBOB 93 premium was higher at 6.00 cpg over the screen.
CBOB 93 rose to 6.50 cpg over the screen.
RBOB was steady at 12.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $7.69/bbl, $4.09 /bbl under the screen. – John Troland