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NYMEX Friday Wrap: Crude, gasoline close week with gains; nat gas retreats
HOUSTON, December 2, 2016 (PCW) — January NYMEX crude futures settled up $0.62/bbl to $51.68/bbl. February ICE Brent at the close of the NYMEX increased $0.57/bbl to $54.45/bbl.
The February Brent/WTI spread narrowed to $1.80/bbl favoring Brent. Prompt natural gas futures were down 6.9 cents at $3.436/mmBtu. January NYMEX RBOB futures closed at $1.5591/gal, up 1.21 cpg.
December gasoline differentials were mostly weaker versus Thursday’s levels.
A4 CBOB 87 regular was softer at 10.75 cpg under the screen.
CBOB 87 was lower at 10.25 cpg under the screen.
D4 CBOB 93 premium was weaker at 6.75 cpg over the screen.
CBOB 93 was down at 7.25 cpg over the screen.
RBOB was steady at 9.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.97/bbl, $4.22/bbl under the screen. – John Troland