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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 Friday Wrap: Oil drops $1 as nat gas jumps

HOUSTON, January 11, 2018 (PCW) — February NYMEX crude futures settled down $1 at $51.59/bbl. March Brent at the close of the NYMEX decreased $1.22 at $60.48 bbl. The March Brent/WTI spread narrowed to $8.57 bbl favoring Brent.

Prompt natural gas futures were up 13.0 cents at $3.099 mmBtu. February NYMEX RBOB futures closed at $1.4007 gal, down 3.00 cpg.

January gasoline differentials were steady to higher versus Thursday’s level.

The 3-2-1 crack spread in the Gulf Coast was $7.89 bbl, $6.06 /bbl under the screen. – John Troland

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