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NYMEX Wednesday Wrap: Crude, gasoline rally; nat gas dips
HOUSTON, February 8, 2017 (PCW) — March NYMEX crude futures settled up $0.17/bbl to $52.34/bbl. April Brent at the close of the NYMEX increased $0.31/bbl to $55.19/bbl.
The April Brent/WTI spread widened to $2.28/bbl favoring Brent. Prompt natural gas futures were down 0.4 cents at $3.126/mmBtu. March NYMEX RBOB futures closed at $1.5527/gal, up 6.52 cpg.
February gasoline differentials were steady to stronger versus Tuesday’s levels.
A4 CBOB 87 regular was steady at 2.75 cpg under the screen.
CBOB 87 was stronger at 2.50 cpg under the screen.
D4 CBOB 93 premium was firm at 9.50 cpg over the screen.
CBOB 93 was up at 9.75 cpg over the screen.
RBOB rose to 1.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $12.02/bbl, $2.02/bbl under the screen. – John Troland