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 and gasoline edge higher, nat gas drops
HOUSTON, December 28, 2018 (PCW) -- February NYMEX crude futures settled up $0.72 at $45.33/bbl. February Brent at the close of the NYMEX increased $0.07 to $52.23/bbl. The February Brent/WTI spread narrowed to $6.90/bbl favoring Brent.
Prompt natural gas futures were down 24.3 cents at $3.303/mmBtu. January NYMEX RBOB futures closed at $1.3262/gal, up 2.22 cpg.
December gasoline differentials were lower versus Thursday’s level.
A4 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 at 1.50 cpg under the screen.
CBOB 93 was down 1.50 under the screen.
RBOB was lower at 10.00 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $8.03/bbl, $7.33/bbl under the screen. -- John Troland