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NYMEX Monday Wrap: Energy markets start the week lower
HOUSTON, December 4, 2017 (PCW) -- January NYMEX crude futures settled down $0.89/bbl at $57.47/bbl. February Brent at the close of the NYMEX decreased $1.14/bbl to $62.63/bbl. The February Brent/WTI spread narrowed to $5.14/bbl favoring Brent.
Prompt natural gas futures were down 7.6 cents at $2.985/mmBtu. January NYMEX RBOB futures closed at $1.6922/gal, down 4.94 cpg.
January gasoline differentials were mostly steady versus Friday’s levels.
A4 CBOB 87 regular was steady at 4.50 cpg under the screen.
CBOB 87 was unchanged at 4.50 cpg under the screen.
D4 CBOB 93 premium was steady at 4.00 cpg over the screen.
CBOB 93 was unchanged at 4.00 over the screen.
RBOB was lower at 3 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $7.11/bbl, $9.32/bbl under the screen. – John Troland