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NYMEX Wednesday Wrap: Crude continues retreat; nat gas, gasoline rise
HOUSTON, November 8, 2017 (PCW) — December NYMEX crude futures settled down $0.39/bbl at $56.81/bbl. January Brent at the close of the NYMEX decreased $0.32/bbl at $63.46/bbl.
The January Brent/WTI spread widened to $6.41/bbl favoring Brent. Prompt natural gas futures were up 2.3 cents at $3.175 mmBtu. December NYMEX RBOB futures closed at $1.8213 gal, up 0.60 cpg.
December gasoline differentials were weaker versus Tuesday’s levels.
A4 CBOB 87 regular was softer at 3.25 cpg under the screen.
CBOB 87 was down at 3.50 cpg under the screen.
D4 CBOB 93 premium was weaker at 7.50 cpg over the screen.
CBOB 93 was down at 7.00 over the screen.
RBOB fell to 2.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $12.49 bbl, $8.60/bbl under the screen. – John Troland