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NYMEX Wednesday Wrap: Crude, gasoline rally; nat gas stalls
HOUSTON, January 3, 2018 (PCW) — February NYMEX crude futures settled up $1.26/bbl at $61.63/bbl. February Brent at the close of the NYMEX increased $1.31/bbl at $67.87bbl.
The February Brent/WTI spread widened to $6.26/bbl favoring Brent. Prompt natural gas futures were down 4.8 cents at $3.008 mmBtu. February NYMEX RBOB futures closed at $1.7974 gal, up 3.43 cpg.
February gasoline differentials were mixed versus Tuesday’s levels.
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A4 CBOB 87 regular was stronger at 4.50 cpg under the screen.
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CBOB 87 was up at 4.50 cpg under the screen.
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D4 CBOB 93 premium was weaker at 4.50 cpg over the screen.
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CBOB 93 was down at 4.50 over the screen.
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RBOB rose to 3.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $10.08 bbl, $7.85/bbl under the screen. – John Troland
