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NYMEX Wednesday Wrap: Oil breaks 12-day losing streak with 56 cent gain
HOUSTON, November 14, 2018 (PCW) — December NYMEX crude futures settled up $0.56 at $56.25/bbl. January Brent at the close of the NYMEX increased $0.48 at $66.10 bbl. The January Brent/WTI spread was narrowed at $9.66 bbl favoring Brent.
Prompt natural gas futures were up 73.6 cents at $4.837 mmBtu. December NYMEX RBOB futures closed at $1.5606 gal, up 1.79 cpg.
December gasoline differentials were lower versus Tuesday’s level.
A 4 CBOB 87 regular was lower at 10.00 cpg under the screen.
CBOB 87 was down at 10.00 cpg under the screen.
D4 CBOB 93 premium was lower at 8.50 cpg over the screen.
CBOB 93 was down at 8.50 over the screen.
RBOB was lower at 8.75 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $9.54 bbl, $7.25 /bbl under the screen. – John Troland