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Daily 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 Tuesday Wrap: Oil closes in on $50, nat gas gains

HOUSTON, January 8, 2018 (PCW) — February NYMEX crude futures settled up $1.26 at $49.78/bbl. March Brent at the close of the NYMEX increased $1.39 at $58.72 bbl. The March Brent/WTI spread widened to $8.61 bbl favoring Brent.

Prompt natural gas futures were up 2.3 cents at $2.967 mmBtu. February NYMEX RBOB futures closed at $1.3626 gal, up 2.18 cpg.

January gasoline differentials were steady to lower versus Monday’s level.

The 3-2-1 crack spread in the Gulf Coast was $7.81 bbl, $6.14 /bbl under the screen. – John Troland

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