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NYMEX Wednesday Wrap: Crude, gasoline extend gains; nat gas rebounds
HOUSTON, February 1, 2017 (PCW) -- March NYMEX crude futures settled up $1.07/bbl to $53.88/bbl. April Brent at the close of the NYMEX increased $1.13/bbl to $56.71/bbl.
The April Brent/WTI spread widened to $2.22/bbl favoring Brent. Prompt natural gas futures were up 5.1 cents at $3.168/mmBtu. March NYMEX RBOB futures closed at $1.5791/gal, up 2.90 cpg.
February gasoline differentials were weaker versus Tuesday’s levels.
A4 CBOB 87 regular was softer at 2.50 cpg under the screen.
CBOB 87 was lower at 2.25 cpg under the screen.
D4 CBOB 93 premium was down at 11.25 cpg over the screen.
CBOB 93 was weaker at 11.50 cpg over the screen.
RBOB fell to 0.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.80/bbl, $1.97/bbl under the screen. -- John Troland