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NYMEX Monday Wrap: Oil falls close to $56, nat gas also drops
HOUSTON, November 20, 2017 (PCW) — December NYMEX crude futures settled down $0.46/bbl at $56.09/bbl. January Brent at the close of the NYMEX decreased $0.45/bbl at $62.12/bbl.
The January Brent/WTI spread narrowed to $5.70/bbl favoring Brent. Prompt natural gas futures were down 5.0 cents at $3.047 mmBtu. December NYMEX RBOB futures closed at $1.7438 gal, down 0.09 cpg.
December gasoline differentials were higher versus Friday’s levels.
A4 CBOB 87 regular was higher at 8.50 cpg under the screen.
CBOB 87 was up at 8.25 cpg under the screen.
D4 CBOB 93 premium was higher at 0.75 cpg over the screen.
CBOB 93 was up at 1.00 over the screen.
RBOB was higher at 8.00 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $9.40 bbl, $10.39/bbl under the screen. – John Troland