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NYMEX Tuesday Wrap: Crude, nat gas, gasoline see strong gains
HOUSTON, January 9, 2018 (PCW) — February NYMEX crude futures settled up $1.23/bbl at $62.96/bbl. February Brent at the close of the NYMEX increased $1.08/bbl at $68.89 bbl.
The February Brent/WTI spread narrowed to $5.93/bbl favoring Brent. Prompt natural gas futures were up 8.8 cents at $2.923 mmBtu. February NYMEX RBOB futures closed at $1.8362 gal, up 4.44 cpg.
February gasoline differentials were mostly stronger versus Monday’s levels.
A4 CBOB 87 regular was higher at 4.00 cpg under the screen.
CBOB 87 was up at 4.00 cpg under the screen.
D4 CBOB 93 premium was stronger at 6.25 cpg over the screen.
CBOB 93 was up at 6.00 over the screen.
RBOB was steady at 3.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $9.78 bbl, $7.60/bbl under the screen. – John Troland