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NYMEX Wednesday Wrap: Oil tops $58, gas drops
HOUSTON, December 20, 2017 (PCW) — January NYMEX crude futures settled up $0.53/bbl at $58.09/bbl. February Brent at the close of the NYMEX Increased $0.81/bbl at $64.52/bbl. The February Brent/WTI spread widened to $6.39/bbl favoring Brent.
Prompt natural gas futures were down 5.5 cents at $2.637 mmBtu. January NYMEX RBOB futures closed at $1.7353 gal, up 3.87 cpg.
January gasoline differentials were mixed versus Tuesday’s levels.
A4 CBOB 87 regular was lower at 4.50 cpg under the screen.
CBOB 87 was down at 4.50 cpg under the screen.
D4 CBOB 93 premium was higher at 4.75 cpg over the screen.
CBOB 93 was up at 4.75 over the screen.
RBOB was higher at 3.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $9.95 bbl, $7.77/bbl under the screen. – John Troland