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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 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.

The 3-2-1 crack spread in the Gulf Coast was $8.04 bbl, $5.88 /bbl under the screen. – John Troland

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