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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 Tuesday Wrap: Oil drops to seven-month low

HOUSTON, November 6, 2018 (PCW) — December NYMEX crude futures settled down $0.89 at $62.21/bbl, the lowest close for a front month contract since April 6. January Brent at the close of the NYMEX decreased $0.95 at $72.15 bbl. The January Brent/WTI spread narrowed to $9.81 bbl favoring Brent.

Prompt natural gas futures were down 1.2 cents at $3.555 mmBtu. December NYMEX RBOB futures closed at $1.6940 gal, down 0.21 cpg.

December gasoline differentials were mixed versus Monday’s level.

The 3-2-1 crack spread in the Gulf Coast was $10.22 bbl, $5.64 /bbl under the screen. – John Troland

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