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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 Thursday Wrap: Crude, gasoline extend gains; nat gas plummets

HOUSTON, January 4, 2018 (PCW) — February NYMEX crude futures settled up $0.38/bbl at $62.01/bbl. February Brent at the close of the NYMEX increased $0.22/bbl at $68.09bbl.

The February Brent/WTI spread narrowed to $6.08/bbl favoring Brent. Prompt natural gas futures were down 12.8 cents at $2.880 mmBtu. February NYMEX RBOB futures closed at $1.8067 gal, up 0.93 cpg.

February gasoline differentials were stronger versus Wednesday’s levels.

The 3-2-1 crack in the Gulf Coast was $9.91 bbl, $7.75/bbl under the screen. – John Troland

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