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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 Monday Wrap: Oil drops below $60, gas rises

HOUSTON, November 12, 2018 (PCW) — December NYMEX crude futures settled down $0.26 at $59.93/bbl. Oil has lost $7.66 in 11 straight days of declines. January Brent at the close of the NYMEX decreased $0.01 at $70.16 bbl. The January Brent/WTI spread was widened at $10.08 bbl favoring Brent.

Prompt natural gas futures were up 6.9 cents at $3.788 mmBtu. December NYMEX RBOB futures closed at $1.6367 gal, up 1.53 cpg.

December gasoline differentials were lower versus Friday’s level.

The 3-2-1 crack spread in the Gulf Coast was $9.43 bbl, $6.65 /bbl under the screen. – John Troland

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