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.
For more information, click here.
For all of our products and services,
NYMEX Wednesday Wrap: Oil little changed as nat gas drops
HOUSTON, January 16, 2018 (PCW) — February NYMEX crude futures settled up $0.20 per barrel at $52.31/bbl. March Brent at the close of the NYMEX increased $0.68 at $61.32 bbl. The March Brent/WTI spread widened to $8.73 bbl favoring Brent.
Prompt natural gas futures were down 11.7 cents at $3.384 mmBtu. February NYMEX RBOB futures closed at $1.4159 gal, up 0.45 cpg.
January gasoline differentials were higher versus Tuesday’s level.
A 4 CBOB 87 regular was higher at 5.50 cpg under the screen.
CBOB 87 was up at 5.50 cpg under the screen.
D4 CBOB 93 premium was higher at 8.75 cpg over the screen.
CBOB 93 was up at 8.75 over the screen.
RBOB was steady higher 4.75 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $8.70 bbl, $5.16 /bbl under the screen. – John Troland