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NYMEX Monday Wrap: Oil opens week with drop, gas climbs
HOUSTON, November 27, 2017 (PCW) -— January NYMEX crude futures settled down $0.84/bbl at $58.11/bbl. January Brent at the close of the NYMEX decreased $0.21/bbl at $63.56/bbl.
The January Brent/WTI spread widened to $5.45/bbl favoring Brent. Prompt natural gas futures were up 11.5 cents at $2.928 mmBtu. December NYMEX RBOB futures closed at $1.7893 gal, up 0.13 cpg.
December gasoline differentials were steady to lower versus Friday’s levels.
A4 CBOB 87 regular was lower at 7.25 cpg under the screen.
CBOB 87 was lower at 7.25 cpg under the screen.
D4 CBOB 93 premium was steady at 1.25 cpg over the screen.
CBOB 93 was steady at 1.00 over the screen.
RBOB was steady at 6.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $8.46 bbl, $9.25/bbl under the screen. – John Troland