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, nat gas, RBOB decline
HOUSTON, December 17, 2018 (PCW) — January NYMEX crude futures settled down $1.32 per barrel at $49.88/bbl. February Brent at the close of the NYMEX decreased $0.67 at $59.61 bbl. The February Brent/WTI spread widened at $9.41 bbl favoring Brent.
Prompt natural gas futures were down 29.9 cents at $3.528 mmBtu. January NYMEX RBOB futures closed at $1.4104 gal, down 2.39 cpg.
December gasoline differentials were mostly lower versus Friday’s level.
A 4 CBOB 87 regular was lower at 9.75 cpg under the screen.
CBOB 87 was down at 9.75 cpg under the screen.
D4 CBOB 93 premium was lower 1.75 cpg over the screen.
CBOB 93 was down 1.75 over the screen.
RBOB was higher at 7.75 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $8.35 bbl, $6.84 /bbl under the screen. – John Troland