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NYMEX Friday Wrap: Crude closes week with slim gains; gasoline, nat gas soar
HOUSTON, December 23, 2016 (PCW) -- February NYMEX crude futures settled up $0.07/bbl to $53.02/bbl. February Brent at the close of the NYMEX increased $0.08/bbl to $55.13/bbl.
The February Brent/WTI spread widened to $2.11/bbl favoring Brent. Prompt natural gas futures were up 12.4 cents at $3.662/mmBtu. January NYMEX RBOB futures closed at $1.6262/gal, up 2.22 cpg.
December gasoline differentials were mostly stronger versus Thursday’s levels.
A4 CBOB 87 regular was up at 4.25 cpg under the screen.
CBOB 87 was higher at 4.00 cpg under the screen.
D4 CBOB 93 premium was stronger at 12.25 cpg over the screen.
CBOB 93 rose to 12.50 cpg over the screen.
RBOB was steady at 3.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $14.67/bbl, $2.12/bbl under the screen. – John Troland