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NGLs Week

NGLs Week Newsletter  

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: Oil extends slide to seven month low

HOUSTON, November 1, 2018 (PCW) — December NYMEX crude futures settled down $1.62 at $63.69/bbl. January Brent at the close of the NYMEX decreased $2.20 at $72.84 bbl. It was the lowest close since early April. The January Brent/WTI spread weakened to $9.03 bbl favoring Brent.

Prompt natural gas futures were down 2.4 cents at $3.237 mmBtu. December NYMEX RBOB futures closed at $1.7165 gal, down 3.49 cpg.

December gasoline differentials were mostly lower versus Wednesday’s level.

The 3-2-1 crack spread in the Gulf Coast was $9.48 bbl, $5.70 /bbl under the screen. – John Troland

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