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NYMEX Thursday Wrap: Crude drops below $35; Brent/WTI spread less than $1
HOUSTON, December 17, 2015 (PCW) -- January NYMEX crude futures settled down $0.57/bbl to $34.95/bbl. February Brent at the close of the NYMEX decreased $0.24 to $37.15/bbl.
The February Brent/WTI spread narrowed to $0.88/bbl favoring Brent. Prompt natural gas futures were down 3.5 cents at $1.755/mmBtu. January NYMEX RBOB futures closed at $1.2616 pg, up 2.88 cpg.
US Gulf cash gasoline differentials were mixed versus Wednesday’s levels.
A4 CBOB 87 regular was lower at 8.75 cpg under the screen.
CBOB 87 was weaker at 8.75 cpg under the screen.
D4 CBOB 93 premium was up at 12.50 cpg over the screen.
CBOB 93 increased to 12.50 cpg over the screen.
RBOB was down at 8.00 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.30/bbl, $4.55/bbl under the screen. – John Troland
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