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NYMEX Wednesday Wrap: Oil rises, nat gas declines
HOUSTON, December 21, 2017 (PCW) — January NYMEX crude futures settled up $0.27/bbl at $58.36/bbl. February Brent at the close of the NYMEX Increased $0.30/bbl at $64.82/bbl. The February Brent/WTI spread widened to $6.42/bbl favoring Brent.
Prompt natural gas futures were down 3.9 cents at $2.598 mmBtu. January NYMEX RBOB futures closed at $1.7476 gal, up 1.23 cpg.
January gasoline differentials were higher versus Wednesday’s levels.
A4 CBOB 87 regular was higher at 2.75 cpg under the screen.
CBOB 87 was up at 2.75 cpg under the screen.
D4 CBOB 93 premium was higher at 7.75 cpg over the screen.
CBOB 93 was up at 7.75 over the screen.
RBOB was higher at 2.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.60 bbl, $7.33/bbl under the screen. – John Troland