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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 Wednesday Wrap: Oil rises more than $1, nat gas edges higher

HOUSTON, January 2, 2018 (PCW) — February NYMEX crude futures settled up $1.13 at $46.54 bbl. March Brent at the close of the NYMEX increased $1.11 at $54.91 bbl. The March Brent/WTI spread narrowed to $8.05 bbl favoring Brent.

Prompt natural gas futures were up 1.8 cents at $2.958 mmBtu. February NYMEX RBOB futures closed at $1.3256 gal, up 2.35 cpg.

January gasoline differentials were higher versus Monday’s level.

The 3-2-1 crack spread in the Gulf Coast was $8.13 bbl, $6.26 /bbl under the screen. – John Troland

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