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, natural gas decline
HOUSTON, December 6, 2018 (PCW) — January NYMEX crude futures settled down $1.40 per barrel at $51.49/bbl. February Brent at the close of the NYMEX decreased $1 50 at $60.06 bbl. The February Brent/WTI spread narrowed at $8.36 bbl favoring Brent.
Prompt natural gas futures were down 14.2 cents at $4.327 mmBtu. January NYMEX RBOB futures closed at $1.4334 gal, down 1.22 cpg.
December gasoline differentials were lower versus Wednesday’s level.
A 4 CBOB 87 regular was lower at 6.75 cpg under the screen.
CBOB 87 was down at 6.75 cpg under the screen.
D4 CBOB 93 premium was lower 9.75 cpg over the screen.
CBOB 93 was down 9.75 over the screen.
RBOB was lower at 5.25 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $8.88 bbl, $5.78 /bbl under the screen. – John Troland