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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 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.

The 3-2-1 crack spread in the Gulf Coast was $8.70 bbl, $5.16 /bbl under the screen. – John Troland

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