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 Monday Wrap: Oil prices rebound, while nat gas drops
HOUSTON, December 3, 2018 (PCW) -- January NYMEX crude futures settled up $ 2.02 per barrel at $52.95/bbl. February Brent at the close of the NYMEX increased $2.32 at $61.78/bbl. The February Brent/WTI spread widened at $8.64/bbl favoring Brent.
Prompt natural gas futures were down 27.3 cents at $4.339/mmBtu. January NYMEX RBOB futures closed at $1.4314/gal, up 2.95 cpg.
December gasoline differentials were higher versus Friday’s level.
A4 CBOB 87 regular was higher at 6.25 cpg under the screen.
CBOB 87 was up at 6.25 cpg under the screen.
D4 CBOB 93 premium was higher 11.50 cpg over the screen.
CBOB 93 was up 11.50 over the screen.
RBOB was higher at 5.25 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $8.06/bbl, $5.49/bbl under the screen. -- John Troland