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NYMEX Wednesday Wrap: Crude, gasoline crumble; nat gas reverses course
HOUSTON, December 14, 2016 (PCW) — January NYMEX crude futures settled down $1.94/bbl to $51.04/bbl. February Brent at the close of the NYMEX decreased $1.74/bbl to $53.92/bbl.
The February Brent/WTI spread widened to $1.83/bbl favoring Brent. Prompt natural gas futures were up 6.6 cents at $3.540/mmBtu. January NYMEX RBOB futures closed at $1.5331/gal, down 1.76 cpg.
December gasoline differentials were stronger versus Tuesday’s levels.
A4 CBOB 87 regular was stronger at 5.00 cpg under the screen.
CBOB 87 was up at 5.25 cpg under the screen.
D4 CBOB 93 premium was higher at 13.25 cpg over the screen.
CBOB 93 rose to at 13.00 cpg over the screen.
RBOB was up at 4.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.90/bbl, $3.23/bbl under the screen. – John Troland