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NYMEX Wednesday Wrap: Oil declines, nat gas jumps
HOUSTON, December 27, 2017 (PCW) — January NYMEX crude futures settled down $0.33/bbl at $59.64/bbl. February Brent at the close of the NYMEX decreased $0.42/bbl at $66.52bbl. The February Brent/WTI spread narrowed to $6.88/bbl favoring Brent.
Prompt natural gas futures were up 9.5 cents at $2.738 mmBtu. January NYMEX RBOB futures closed at $1.7915 gal, up 0.49 cpg.
January gasoline differentials were lower versus Tuesday’s levels.
A4 CBOB 87 regular was higher at 4.25 cpg under the screen.
CBOB 87 was up at 4.25 cpg under the screen.
D4 CBOB 93 premium was higher at 6.00 cpg over the screen.
CBOB 93 was up at 6.00 over the screen.
RBOB was higher at 3.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.43 bbl, $7.68/bbl under the screen. – John Troland