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NYMEX Monday Wrap: Oil rises to near $58, gas climbs
HOUSTON, December 11, 2017 (PCW) — January NYMEX crude futures settled up $0.63/bbl at $57.99/bbl. February Brent at the close of the NYMEX increased $1.50/bbl at $64.81/bbl.
The February Brent/WTI spread widened to $6.76/bbl favoring Brent. Prompt natural gas futures were up 5.6 cents at $2.828 mmBtu. January NYMEX RBOB futures closed at $1.7266 gal, up 1.00 cpg.
January gasoline differentials were lower steady to higher Friday’s levels.
A4 CBOB 87 regular was steady at 5.75 cpg under the screen.
CBOB 87 was steady at 5.75 cpg under the screen.
D4 CBOB 93 premium was higher at 5.75 cpg over the screen.
CBOB 93 was up at 5.75 over the screen.
RBOB was steady at 5.00 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $8.14 bbl, $9.52/bbl under the screen. – John Troland