Nymex front-month Rbob futures climbed to their highest since mid-November,topping 128￠/USG on 30 January.They hit a low of below 110￠/USG on 2 February,before rebounding towards 1270/USG.The crack spread to WTI widened to more than 12/bl on 5 February,up from 10.60/bl a week earlier.Nymex March WTI hovered at around 40/bl,torn by the pressure of record inventories at Cushing,Oklahoma and expectations of a tighter market as Opec cuts output.WTI traded in a comparatively narrow range of less than 4/bl,between a low of 39,46/bl on 5 February and a high of 43.44/bl on 30 January.
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