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NYMEX Tuesday Wrap: Crude, nat gas, gasoline retreat after bullish run
HOUSTON, December 6, 2016 (PCW) — January NYMEX crude futures settled down $0.86/bbl to $50.93/bbl. February Brent at the close of the NYMEX decreased $0.79/bbl to $54.04/bbl.
The February Brent/WTI spread widened to $2.07/bbl favoring Brent. Prompt natural gas futures were down 1.9 cents at $3.635/mmBtu. January NYMEX RBOB futures closed at $1.5359/gal, down 2.16 cpg.
December gasoline differentials were stronger versus Monday’s levels.
A4 CBOB 87 regular was up at 8.75 cpg under the screen.
CBOB 87 was higher at 8.50 cpg under the screen.
D4 CBOB 93 premium was stronger at 9.75 cpg over the screen.
CBOB 93 rose to 10.00 cpg over the screen.
RBOB was higher at 7.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.19/bbl, $3.82/bbl under the screen. – John Troland