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: Oil rises as nat gas drops 10 cents
HOUSTON, January 7, 2018 (PCW) — February NYMEX crude futures settled up $0.56 per barrel at $48.52/bbl. March Brent at the close of the NYMEX increased $0.27 at $57.33 bbl. The March Brent/WTI spread narrowed to $8.51 bbl favoring Brent.
Prompt natural gas futures were down 10.0 cents at $2.944 mmBtu. February NYMEX RBOB futures closed at $1.3408 gal, down 0.70 cpg.
January gasoline differentials were mixed versus Friday’s level.
A 4 CBOB 87 regular was higher at 7.75 cpg under the screen.
CBOB 87 was up at 7.75 cpg under the screen.
D4 CBOB 93 premium was lower at 3.75 cpg under the screen.
CBOB 93 was down 3.75 under the screen.
RBOB was lower at 6.50 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $8.04 bbl, $5.88 /bbl under the screen. – John Troland