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NYMEX Wednesday Wrap: Oil extends slide, gas gains again
HOUSTON, November 29, 2017 (PCW) — January NYMEX crude futures settled down $0.69/bbl at $57.30/bbl. January Brent at the close of the NYMEX decreased $0.44/bbl at $63.20/bbl.
The January Brent/WTI spread widened to $5.90/bbl favoring Brent. Prompt natural gas futures were up 5.1 cents at $3.179 mmBtu. December NYMEX RBOB futures closed at $1.7309 gal, down 4.11 cpg.
December gasoline differentials were higher versus Tuesday’s levels.
A4 CBOB 87 regular was higher at 5.25 cpg under the screen.
CBOB 87 was higher at 5.25 cpg under the screen.
D4 CBOB 93 premium was higher at 2.25 cpg over the screen.
CBOB 93 was higher at 2.25 over the screen.
RBOB was higher at 3.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $8.61 bbl, $9.56/bbl under the screen. – John Troland