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 drops $1.61, nat gas rises
HOUSTON, December 26, 2018 (PCW) — February NYMEX crude futures settled down $1.61 at $44.61 bbl. February Brent at the close of the NYMEX decreased $2.31 at $52.16 bbl. The February Brent/WTI spread narrowed to $7.55 bbl favoring Brent.
Prompt natural gas futures were up 9.9 cents at $3.642 mmBtu. January NYMEX RBOB futures closed at $1.3040 gal, down 2.64 cpg.
December gasoline differentials were mostly higher versus Wednesday’s level.
A 4 CBOB 87 regular was higher at 11.00 cpg under the screen.
CBOB 87 was up at 11.00 cpg under the screen.
D4 CBOB 93 premium was higher at 0.75 cpg over the screen.
CBOB 93 was up 0.75 over the screen.
RBOB was lower at 9.50 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $8.57 bbl, $7.17 /bbl under the screen. – John Troland