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Daily 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 WRAP: Oil plunges to lowest level in more than a year

HOUSTON, December 18, 2018 (PCW) — January NYMEX crude futures settled down $3.64 per barrel at $46.24/bbl. It was the lowest front-month close since August 30, 2017. February Brent at the close of the NYMEX decreased $3 35 at $56.26 bbl. The February Brent/WTI spread widened at $9.66 bbl favoring Brent.

Prompt natural gas futures were up 31.0 cents at $3.838 mmBtu. January NYMEX RBOB futures closed at $1.3505 gal, down 5.99 cpg.

December gasoline differentials were mostly lower versus Monday’s level.

The 3-2-1 crack spread in the Gulf Coast was $913 bbl, $6.72 /bbl under the screen. – John Troland

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