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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 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.

The 3-2-1 crack spread in the Gulf Coast was $8.55 bbl, $7.34 /bbl under the screen. – John Troland

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