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NYMEX Tuesday Wrap: Crude opens week with gains, nat gas, gasoline slip
HOUSTON, January 16, 2018 (PCW) — February NYMEX crude futures settled down $0.57/bbl at $63.73/bbl. February Brent at the close of the NYMEX decreased $0.48/bbl at $69.40 bbl.
The February Brent/WTI spread widened to $5.67/bbl favoring Brent. Prompt natural gas futures were down 7.1 cents at $3.129 mmBtu. February NYMEX RBOB futures closed at $1.8384 gal, down 1.11 cpg.
February gasoline differentials were stronger versus Friday’s levels.
A4 CBOB 87 regular was higher at 3.00 cpg under the screen.
CBOB 87 was up at 3.50 cpg under the screen.
D4 CBOB 93 premium was stronger at 8.50 cpg over the screen.
CBOB 93 was up at 8.50 over the screen.
RBOB rose to 1.25 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $9.14 bbl, $7.54/bbl under the screen. – John Troland