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NYMEX Thursday Wrap: Oil edges higher, nat gas plunges 79 cents
HOUSTON, November 15, 2018 (PCW) — December NYMEX crude futures settled up $0.21 at $56.46/bbl. January Brent at the close of the NYMEX increased $0.48 at $66.58 bbl. The January Brent/WTI spread was widened at $9.90 bbl favoring Brent.
Prompt natural gas futures were down 79.9 cents at $4.038 mmBtu. December NYMEX RBOB futures closed at $1.5566 gal, down 0.40 cpg.
December gasoline differentials were lower versus Wednesday’s level.
A 4 CBOB 87 regular was lower at 10.25 cpg under the screen.
CBOB 87 was down at 10.25 cpg under the screen.
D4 CBOB 93 premium was lower at 6.75 cpg over the screen.
CBOB 93 was down at 6.75 over the screen.
RBOB was lower at 9.50 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $8.74 bbl, $7.42 /bbl under the screen. – John Troland