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 Friday Wrap: Oil extends decline, gas surges
HOUSTON, December 21, 2018 (PCW) — February NYMEX crude futures settled down $0.29 per barrel at $45.59/bbl. February Brent at the close of the NYMEX decreased $0.53 at $53.82 bbl. The February Brent/WTI spread narrowed to $8.23 bbl favoring Brent.
Prompt natural gas futures were up 23.3 cents at $3.816 mmBtu. January NYMEX RBOB futures closed at $1.3183 gal, down 0.41 cpg.
December gasoline differentials were higher versus Thursday’s level.
A 4 CBOB 87 regular was higher at 10.75 cpg under the screen.
CBOB 87 was up at 10.75 cpg under the screen.
D4 CBOB 93 premium was higher at 0.50 cpg over the screen.
CBOB 93 was up 0.50 over the screen.
RBOB was higher at 8.75 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $8.57 bbl, $7.26 /bbl under the screen. – John Troland