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.
For more information, click here.
For all of our products and services,
NYMEX Tuesday Wrap: Oil gains as nat gas drops 14 cents
HOUSTON, December 11, 2018 (PCW) — January NYMEX crude futures settled up $0.65 per barrel at $51.65/bbl. February Brent at the close of the NYMEX increased $0.23 at $60.20 bbl. The February Brent/WTI spread narrowed at $8.36 bbl favoring Brent.
Prompt natural gas futures were down 13.8 cents at $4.407 mmBtu. January NYMEX RBOB futures closed at $1.4398 gal, up 2.09 cpg.
December gasoline differentials were lower versus Monday’s level.
A 4 CBOB 87 regular was lower at 8.25 cpg under the screen.
CBOB 87 was down at 8.25 cpg under the screen.
D4 CBOB 93 premium was lower 6.25 cpg over the screen.
CBOB 93 was down 6.25 over the screen.
RBOB was lower at 7.00 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $8.24 bbl, $6.28 /bbl under the screen. – John Troland