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NYMEX Monday Wrap: Crude, nat gas open week with gains; gasoline retreats
HOUSTON, December 5, 2016 (PCW) -- January NYMEX crude futures settled up $0.11/bbl to $51.79/bbl. February Brent at the close of the NYMEX increased $0.35/bbl to $54.83/bbl.
The February Brent/WTI spread widened to $2.04/bbl favoring Brent. Prompt natural gas futures were up 20.8 cents at $3.654/mmBtu. January NYMEX RBOB futures closed at $1.5575/gal, down 0.16 cpg.
December gasoline differentials were stronger versus Friday’s levels.
A4 CBOB 87 regular was up at 9.25 cpg under the screen.
CBOB 87 was stronger at 8.75 cpg under the screen.
D4 CBOB 93 premium was higher at 8.25 cpg over the screen.
CBOB 93 rose to 8.75 cpg over the screen.
RBOB was higher at 8.00 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.12/bbl, $4.22/bbl under the screen. -- John Troland