Rangebound NYMEX crude settles slightly higher

摘要

New York—NYMEX January crude futures settled 18 cents higher at $97.38/barrel Thursday, remaining rangebound in quiet trade, while ICE Brent narrowed its premium to WTI. ICE January Brent settled 90 cents lower at $110.98/b. The price action sent the frontmonth Brent/WTI spread to an intraday low of $12.98/b—its narrowest level in two weeks. The spread settled at $13.60/b, which is down from a high of $19.40/b about a week ago. In products, NYMEX January ULSD settled 95 points lower at $3.0496/gal and January RBOB ended 65 points down at $2.7127/gal.