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 Monday Wrap: Oil drops, nat gas surges 49 cents
HOUSTON, January 14, 2018 (PCW) — February NYMEX crude futures settled down $1.08 at $50.51/bbl. March Brent at the close of the NYMEX decreased $1.49 at $58.99 bbl. The March Brent/WTI spread narrowed to $8.19 bbl favoring Brent.
Prompt natural gas futures were up 49.2 cents at $3.591 mmBtu. February NYMEX RBOB futures closed at $1.3638 gal, down 3.69 cpg.
January gasoline differentials were higher versus Friday’s level.
A 4 CBOB 87 regular was higher at 7.50 cpg under the screen.
CBOB 87 was up at 7.50 cpg under the screen.
D4 CBOB 93 premium was higher at 5.25 cpg over the screen.
CBOB 93 was up at 5.25 over the screen.
RBOB was higher at 7.25 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $7.65 bbl, $5.96 /bbl under the screen. – John Troland