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NYMEX Tuesday Wrap: Crude gives back Monday's gains; nat gas also slides
HOUSTON, November 29, 2016 (PCW) — January NYMEX crude futures settled down $1.85/bbl to $45.23/bbl. January Brent at the close of the NYMEX decreased $1.73/bbl to $46.51/bbl.
The January Brent/WTI spread widened to $1.28/bbl favoring Brent. Prompt natural gas futures were down 0.5 cents at $3.315/mmBtu. December NYMEX RBOB futures closed at $1.3771/gal, down 3.56 cpg.
November gasoline differentials were mostly weaker versus Monday’s levels.
A4 CBOB 87 regular was softer at 10.50 cpg under the screen.
CBOB 87 was lower at 10.00 cpg under the screen.
D4 CBOB 93 premium was weaker at 7.50 cpg over the screen.
CBOB 93 was down at 8.00 cpg over the screen.
RBOB was steady at 9.00 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.49/bbl, $3.69/bbl under the screen. – John Troland