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NYMEX Monday Wrap: Crude, gasoline open week with gains; nat gas softens
HOUSTON, December 12, 2016 (PCW) — January NYMEX crude futures settled up $1.33/bbl to $52.83/bbl. February Brent at the close of the NYMEX increased $1.43/bbl to $55.65/bbl.
The February Brent/WTI spread widened to $1.90/bbl favoring Brent. Prompt natural gas futures were down 23.9 cents at $3.507/mmBtu. January NYMEX RBOB futures closed at $1.5430/gal, up 3.57 cpg.
December gasoline differentials were mostly stronger versus Friday’s levels.
A4 CBOB 87 regular was up at 4.25 cpg under the screen.
CBOB 87 was stronger at 5.25 cpg under the screen.
D4 CBOB 93 premium was higher at 13.00 cpg over the screen.
CBOB 93 was weaker at 12.00 cpg over the screen.
RBOB rose to 4.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.10/bbl, $2.68/bbl under the screen. – John Troland