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 Wednesday Wrap: Oil declines as nat gas gains
HOUSTON, December 5, 2018 (PCW) — January NYMEX crude futures settled down $0.36 per barrel at $52.89/bbl. February Brent at the close of the NYMEX decreased $0 52 at $61.56 bbl. The February Brent/WTI spread narrowed at $8.44 bbl favoring Brent.
Prompt natural gas futures were up 1.2 cents at $4.469 mmBtu. January NYMEX RBOB futures closed at $1.4456 gal, up 0.22 cpg.
December gasoline differentials were mixed versus Tuesday’s level.
A 4 CBOB 87 regular was lower at 5.75 cpg under the screen.
CBOB 87 was down at 5.75 cpg under the screen.
D4 CBOB 93 premium was higher 10.75 cpg over the screen.
CBOB 93 was up 10.75 over the screen.
RBOB was higher at 4.50 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $8.56 bbl, $5.47 /bbl under the screen. – John Troland