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 Tuesday Wrap: Nat gas plunges and oil drops $1.23
HOUSTON, January 22, 2018 (PCW) — February NYMEX crude futures settled down $1.23 at $52.57/bbl. March Brent at the close of the NYMEX decreased $1.20 at $61.50 bbl. The March Brent/WTI spread narrowed to $8.49 bbl favoring Brent.
Prompt natural gas futures were down 44.2 cents at $3.040 mmBtu. February NYMEX RBOB futures closed at $1.4015 gal, down 5.13 cpg.
January gasoline differentials were higher versus Friday’s level.
A 4 CBOB 87 regular was higher at 3.75 cpg under the screen.
CBOB 87 was up at 3.75 cpg under the screen.
D4 CBOB 93 premium was higher at 11.00 cpg over the screen.
CBOB 93 was up at 11.00 over the screen.
RBOB was higher 2.25 cpg under the screen.
The 3-2-1 crack spread in the Gulf Coast was $8.93 bbl, $4.36 /bbl under the screen. – John Troland