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NYMEX Tuesday Wrap: Crude, gasoline rally; nat gas deepens losses
HOUSTON, November 21, 2017 (PCW) — January NYMEX crude futures settled up $0.41/bbl at $56.83/bbl. January Brent at the close of the NYMEX increased $0.37/bbl at $62.50/bbl.
The January Brent/WTI spread narrowed to $5.67/bbl favoring Brent. Prompt natural gas futures were down 3.0 cents at $3.017 mmBtu. December NYMEX RBOB futures closed at $1.7731 gal, up 2.93 cpg.
December gasoline differentials were mostly stronger versus Monday’s levels.
A4 CBOB 87 regular rose to 7.00 cpg under the screen.
CBOB 87 was up at 7.00 cpg under the screen.
D4 CBOB 93 premium was stronger at 1.00 cpg over the screen.
CBOB 93 was down at 0.75 over the screen.
RBOB was higher at 7.00 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.01 bbl, $10.06/bbl under the screen. – John Troland