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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 rebounds as nat gas drops

HOUSTON, December 19, 2018 (PCW) — January NYMEX crude futures settled up $0.96 per barrel at $47.20/bbl. February Brent at the close of the NYMEX increased $0 98 at $57.24 bbl. The February Brent/WTI spread narrowed at $9.07 bbl favoring Brent.

Prompt natural gas futures were down 11.2 cents at $3.726 mmBtu. January NYMEX RBOB futures closed at $1.3863 gal, up 3.68 cpg.

December gasoline differentials were lower versus Tuesday’s level.

The 3-2-1 crack spread in the Gulf Coast was $9.96 bbl, $6.93 /bbl under the screen. – John Troland

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