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NYMEX Monday Wrap: Crude, gas, gasoline open week with losses
HOUSTON, February 6, 2017 (PCW) — March NYMEX crude futures settled down $0.82/bbl to $53.01/bbl. April Brent at the close of the NYMEX decreased $1/bbl to $55.90/bbl.
The April Brent/WTI spread narrowed to at $2.27/bbl favoring Brent. Prompt natural gas futures were down 1.3 cents at $3.050/mmBtu. March NYMEX RBOB futures closed at $1.5103/gal, down 4.34 cpg.
February gasoline differentials were weaker versus Friday’s levels.
A4 CBOB 87 regular was softer at 5.00 cpg under the screen.
CBOB 87 was down at 4.75 cpg under the screen.
D4 CBOB 93 premium was lower at 8.25 cpg over the screen.
CBOB 93 was weaker at 8.50 cpg over the screen.
RBOB fell to 2.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $9.44/bbl, $2.73/bbl under the screen. – John Troland