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NYMEX Thursday Wrap: Crude, nat gas rally; gasoline continues to probe lower
HOUSTON, December 8, 2016 (PCW) — January NYMEX crude futures settled up $1.07/bbl to $50.84/bbl. February Brent at the close of the NYMEX increased $0.70/bbl to $53.85/bbl.
The February Brent/WTI spread narrowed to $1.97/bbl favoring Brent. Prompt natural gas futures were up 9.2 cents at $3.695/mmBtu. January NYMEX RBOB futures closed at $1.5047/gal, down 0.35 cpg.
December gasoline differentials were mixed versus Wednesday’s levels.
A4 CBOB 87 regular was weaker at 9.00 cpg under the screen.
CBOB 87 was softer at 8.50 cpg under the screen.
D4 CBOB 93 premium was stronger at 11.00 cpg over the screen.
CBOB 93 was higher at 11.50 cpg over the screen.
RBOB was lower at 7.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $9.88/bbl, $4.17/bbl under the screen. – John Troland