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NYMEX Thursday Wrap: Crude extends gains; nat gas, gasoline reverse course
HOUSTON, December 22, 2016 (PCW) — February NYMEX crude futures settled up $0.46/bbl to $52.95/bbl. February Brent at the close of the NYMEX increased $0.53/bbl to $55.05/bbl.
The February Brent/WTI spread widened to $2.10/bbl favoring Brent. Prompt natural gas futures were down 0.4 cents at $3.538/mmBtu. January NYMEX RBOB futures closed at $1.6040/gal, down 0.15 cpg.
December gasoline differentials were stronger versus Wednesday’s levels.
A4 CBOB 87 regular was up at 4.75 cpg under the screen.
CBOB 87 was stronger at 4.25 cpg under the screen.
D4 CBOB 93 premium was higher at 11.75 cpg over the screen.
CBOB 93 rose to 12.25 cpg over the screen.
RBOB was higher at 3.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $13.51/bbl, $2.70/bbl under the screen. – John Troland