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 Wednesday Wrap: Crude oil, gasoline surge, nat gas also gains
HOUSTON, January 9, 2018 (PCW) -- February NYMEX crude futures settled up $2.58/bbl at $52.36/bbl. March Brent at the close of the NYMEX was up $2.72 at $61.44/bbl. The March Brent/WTI spread widened to $8.75/bbl favoring Brent.
Prompt natural gas futures were up 1.7 cents at $2.984 mmBtu. February NYMEX RBOB futures closed at $1.4254/gal, up 6.28 cpg.
January gasoline differentials were lower versus Tuesday’s level.
A4 CBOB 87 regular was lower at 9.25 cpg under the screen.
CBOB 87 was down at 9.25 cpg under the screen.
D4 CBOB 93 premium was lower at 3.00 cpg over the screen.
CBOB 93 was down at 3.00 over the screen.
RBOB was lower at 8.00 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $7.51/bbl, $6.37/bbl under the screen. -- John Troland