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NYMEX Friday Wrap: Oil drops more than $1/bbl to close below $40
HOUSTON, December 4, 2015 (PCW) -- January NYMEX crude futures settled down $1.11/bbl to $39.97/bbl. January Brent at the close of the NYMEX decreased $1.29 to $42.85/bbl.
The January Brent/WTI spread narrowed to $2.88/bbl favoring Brent. Prompt natural gas futures were up 0.5 cents at $2.186/mmBtu. January NYMEX RBOB futures closed at $1.2963 pg, down 2.61 cpg.
US Gulf cash gasoline differentials were higher versus Thursday’s levels.
A4 CBOB 87 regular was higher at 12.00 cpg under the screen.
CBOB 87 was stronger at 12.00 cpg under the screen.
D4 CBOB 93 premium was up at 9.25 cpg over the screen.
CBOB 93 increased to 9.25 cpg over the screen.
RBOB was higher at 11.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $8.78/bbl, $5.61/bbl under the screen. – John Troland
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