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 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.
A 4 CBOB 87 regular was lower at 8.25 cpg under the screen.
CBOB 87 was down at 8.25 cpg under the screen.
D4 CBOB 93 premium was steady at 3.75 cpg under the screen.
CBOB 93 was unchanged at 3.75 under the screen.
RBOB was lower at 6.75 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $7.81 bbl, $6.14 /bbl under the screen. – John Troland