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 Tuesday Wrap: Oil, nat gas and gasoline all edge higher
HOUSTON, December 4, 2018 (PCW) -- January NYMEX crude futures settled up $0.30 per barrel at $53.25/bbl. February Brent at the close of the NYMEX increased $0.30 at $62.08/bbl. The February Brent/WTI spread narrowed to $8.62/bbl favoring Brent.
Prompt natural gas futures were up 11.8 cents at $4.457/mmBtu. January NYMEX RBOB futures closed at $1.4434/gal, up 1.20 cpg.
December gasoline differentials were mixed versus Monday’s levels.
A4 CBOB 87 regular was higher at 5.50 cpg under the screen.
CBOB 87 was up at 5.50 cpg under the screen.
D4 CBOB 93 premium was lower at 10.50 cpg over the screen.
CBOB 93 was down at 10.50 over the screen.
RBOB was higher at 5.00 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $8.44/bbl, $5.34/bbl under the screen. -- John Troland