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NYMEX Wednesday Wrap: Crude declines; Brent/WTI spread narrows
HOUSTON, December 9, 2015 (PCW) -- January NYMEX crude futures settled down $0.35/bbl to $37.16/bbl. January Brent at the close of the NYMEX decreased $0.68 to $39.89/bbl.
The January Brent/WTI spread narrowed to $2.73/bbl favoring Brent. Prompt natural gas futures were down 0.8 cents at $2.062/mmBtu. January NYMEX RBOB futures closed at $1.2317 pg, up 2.81 cpg.
US Gulf cash gasoline differentials were higher versus Tuesday’s levels.
A4 CBOB 87 regular was higher at 6.50 cpg under the screen.
CBOB 87 was stronger at 6.00 cpg under the screen.
D4 CBOB 93 premium was up at 13.75 cpg over the screen.
CBOB 93 increased to 13.75 cpg over the screen.
RBOB was higher at 7.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.87/bbl, $3.80/bbl under the screen. – John Troland
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