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NYMEX Tuesday Wrap: Crude, nat gas, gasoline stumble
HOUSTON, December 12, 2017 (PCW) — January NYMEX crude futures settled down $0.85/bbl at $57.14/bbl. February Brent at the close of the NYMEX decreased $1.21/bbl at $63.60/bbl.
The February Brent/WTI spread narrowed to $6.44/bbl favoring Brent. Prompt natural gas futures were down 15.0 cents at $2.678 mmBtu. January NYMEX RBOB futures closed at $1.6976 gal, down 2.90 cpg.
January gasoline differentials were weaker versus Monday’s levels.
A4 CBOB 87 regular was softer at 6.00 cpg under the screen.
CBOB 87 was down at 6.00 cpg under the screen.
D4 CBOB 93 premium was weaker at 5.25 cpg over the screen.
CBOB 93 was down at 5.25 over the screen.
RBOB fell to 5.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $7.94 bbl, $9.52/bbl under the screen. – John Troland