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 Monday Wrap: Nat gas plunges as oil holds steady
HOUSTON, December 31, 2018 (PCW) — February NYMEX crude futures settled up $0.08 per barrel at $45.41/bbl. March Brent at the close of the NYMEX increased $0.59 at $53.80 bbl. The March Brent/WTI spread widened to $8.08 bbl favoring Brent.
Prompt natural gas futures were down 36.3 cents at $2.940 mmBtu. January NYMEX RBOB futures closed at $1.3237 gal, up 0.25 cpg.
December gasoline differentials were lower versus Friday’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 1.00 cpg under the screen.
CBOB 93 was up 1.00 under the screen.
RBOB was higher at 9.50 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $8.13 bbl, $7.24 /bbl under the screen. – John Troland