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NYMEX Wednesday Wrap: Crude, nat gas dip; gasoline gains
HOUSTON, November 1, 2017 (PCW) — December NYMEX crude futures settled down $0.08/bbl at $54.30/bbl. January Brent at the close of the NYMEX decreased $0.32/bbl at $60.62/bbl.
The January Brent/WTI spread narrowed to $6.11/bbl favoring Brent. Prompt natural gas futures were down 0.3 cents at $2.893 mmBtu. December NYMEX RBOB futures closed at $1.7410 gal, up 0.85 cpg.
November gasoline differentials were stronger versus Tuesday’s levels.
A4 CBOB 87 regular was higher at 1.75 cpg under the screen.
CBOB 87 was up at 1.75 cpg under the screen.
D4 CBOB 93 premium was stronger at 8.50 cpg over the screen.
CBOB 93 rose to 8.25 over the screen.
RBOB was higher at 1.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $12.37 bbl, $8.15/bbl under the screen. – John Troland