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 Thursday Wrap: Oil plunges to 17-month low
HOUSTON, December 20, 2018 (PCW) — February NYMEX crude futures settled down $2.29 per barrel at $45.88/bbl. It was the lowest close for a front-month contract since July 21, 2017. February Brent at the close of the NYMEX decreased $2.89 at $54.35 bbl. The February Brent/WTI spread narrowed to $8.47 bbl favoring Brent.
Prompt natural gas futures were down 14.3 cents at $3.583 mmBtu. January NYMEX RBOB futures closed at $1.3224 gal, down 6.39 cpg.
December gasoline differentials were mostly lower versus Wednesday’s level.
A 4 CBOB 87 regular was lower at 11.25 cpg under the screen.
CBOB 87 was down at 11.25 cpg under the screen.
D4 CBOB 93 premium was lower 1.00 cpg under the screen.
CBOB 93 was down 1.00 under the screen.
RBOB was steady at 9.50 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $8.55 bbl, $7.34 /bbl under the screen. – John Troland