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 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.
A 4 CBOB 87 regular was lower at 10.25 cpg under the screen.
CBOB 87 was down at 10.25 cpg under the screen.
D4 CBOB 93 premium was lower 2.00 cpg over the screen.
CBOB 93 was down 2.00 over the screen.
RBOB was lower at 9.50 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $9.96 bbl, $6.93 /bbl under the screen. – John Troland