From PetroChem Wire . . . .
PetroChem Wire's Daily Wire provides closing prices and a summary of the day's trading activity for US ethylene, proylene, polymers and upstream NGLs markets. Begun in 2007, its olefins and polyolefins prices serve as benchmarks for a number of physical and swap contracts that trade on the CME/NYMEX Clearport system.
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NYMEX Thursday Wrap: Oil rises $1.16 as nat gas slips
HOUSTON, November 29, 2018 (PCW) — January NYMEX crude futures settled up $1.16 per barrel at $51.45/bbl. January Brent at the close of the NYMEX increased $0640 at $58.80 bbl. The January Brent/WTI spread narrowed at $8.01 bbl favoring Brent.
Prompt natural gas futures were down 5.3 cents at $4.646 mmBtu. December NYMEX RBOB futures closed at $1.4547 gal, up 5.68 cpg.
December gasoline differentials were higher versus Wednesday’s level.
A 4 CBOB 87 regular was higher at 8.75 cpg under the screen.
CBOB 87 was up at 8.75 cpg under the screen.
D4 CBOB 93 premium was higher 7.25 cpg over the screen.
CBOB 93 was up 7.25 over the screen.
RBOB was higher at 7.75 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $8.61 bbl, $6.16 /bbl under the screen. – John Troland