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NGLs Week

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NGLs Week is PetroChem Wire's comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.

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NYMEX Wednesday Wrap: Crude, gasoline plummet; nat gas rallies

HOUSTON, December 6, 2017 (PCW) -- January NYMEX crude futures settled down $1.66/bbl at $55.96/bbl. February Brent at the close of the NYMEX decreased $1.61/bbl at $61.25/bbl.

The February Brent/WTI spread widened to $5.22/bbl favoring Brent. Prompt natural gas futures were up 0.8 cents at $2.922/mmBtu. January NYMEX RBOB futures closed at $1.6609/gal, down 5.75 cpg.

January gasoline differentials were weaker versus Tuesday’s levels.

The 3-2-1 crack in the Gulf Coast was $7.14/bbl, $9.46/bbl under the screen. -- John Troland

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