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NYMEX Wednesday Wrap: Crude, gasoline retreat; nat gas rallies
HOUSTON, November 16, 2016 (PCW) — December NYMEX crude futures settled down $0.24/bbl to $45.57/bbl. January Brent at the close of the NYMEX decreased $0.32/bbl to $46.57/bbl.
The January Brent/WTI spread narrowed to $0.47/bbl favoring Brent. Prompt natural gas futures were up 5.5 cents at $2.764/mmBtu. December NYMEX RBOB futures closed at $1.3191/gal, down 1.59 cpg.
November gasoline differentials were weaker versus Tuesday’s levels.
A4 CBOB 87 regular was softer at 15.25 cpg under the screen.
CBOB 87 was lower at 14.75 cpg under the screen.
D4 CBOB 93 premium was weaker at 2.75 cpg over the screen.
CBOB 93 fell to 4.00 cpg over the screen.
RBOB was down at 14.00 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $6.69/bbl, $4.76 /bbl under the screen. – John Troland